VOL. XXXVIIINO. 714-NOVEMBER-1994
IEA Forecasts Higher Non-Opec Supply
Estimates of significantly higher non-OPEC supplies in 4Q 94 and year 1995 inthe latest (end-October) forecasts from the International Energy Agency (IEA)provide little comfort for OPEC in the run-up to its ministerial conference inBali later this month. While it is not unusual for the IEA to adjust itsforecasts up and down sometimes by substantial amounts from month to month, theagency's October figures are...