VOL. XXXIX

No. 7

13-November-1995

SUPPLY/DEMAND

IEA Projects 0.4Mn B/D Drop In OPEC Crude Demand For 1996

Althoughinits latest monthlysupply/demand forecast the

International Energy Agency (IEA) hasdownsized itspreviousprojectionofnon-OPEC supply for fourth-quarter 1995

by 0.5mn b/d due to theseriousimpactofOctoberhurricanes on Mexican output and start-upproduction delays at

Norway'sHeidrunfield,any relief accruing to OPEC from these temporary factors is likely tobeshort-livedwhen

accountistaken of...