VOL. XL

No. 28

14-July-1997

OPEC

World Energy Demand Grew By 3% In 1996, Says BP

World energy demand grew by 3% in 1996, or more than double the average growth rate of1.4% for the period 1988-1996, according to the just published BP Statistical Review ofWorld Energy 1997. The report attributed last year's strong growth in energyaggregates to "above-trend growth in OECD energy markets and a slowdown in the fallin Former Soviet Union (FSU) energy consumption. Growth in fossil fuel consumption was...