VOL. XXXVIII

NO. 2

10-OCTOBER-1994

Supply/Demand

IEA's Latest Winter Forecast Projects Higher Non-OPEC Supply

In its latest (end-September) oil supply/demand projections, theInternational Energy Agency's Oil Market Report (OMR) has raised its forecastfor non-OPEC oil supply by 0.3mn b/d for both 4Q 1994 and 1Q 1995 as comparedwith the previous month's estimates, with the incremental volumes forthcoming tothe extent of 0.1mn b/d each from the former Soviet Union (FSU), North Americaand Europe. At...