No. 20



IEA Raises Call On OPEC Crude Supply By 0.5mn B/D In 1Q 1996, But Full Year Call Still Down On 1995

The International Energy Agency (IEA) has increased its estimate of the call on OPEC crude supply in the first quarter of 1996 by a hefty 0.45mn b/d to 26.47mn b/d, while leaving its second quarter estimate unchanged at 23.72mn b/d. Hitches in non-OPEC supply, including delays in the start-up of half a dozen new fields in the North Sea,...