VOL. XL

No. 26

30-June-1997

OPEC

Supply/Demand Projections by OPEC Secretariat

The table on page A6 shows supply/demand estimates as prepared bythe OPEC Secretariat for the June meeting of OPEC's Economic Commission Board (ECB). Themethodology of the presentation has been changed somewhat from that of previous forecasts,making it somewhat closer to the format used by the IEA. Demand is now expressed in termsof product consumption (rather than demand for crude oil), and is therefore...