No. 29



Good News On The Demand Front In Latest IEA Forecast

Positive news on the demand front was forthcoming in the International Energy Agency's latest (end-March) Oil Market Report. The agency has revised its estimate of oil demand in the first quarter of 1996 upwards by 0.2mn b/d from last month's report, primarily on the basis of strong winter- related product consumption in Europe, North America, and Japan. OECD demand in 1Q 1996 is now preliminarily...