OPEC ECB Supply/Demand Forecasts For 1995

Meeting in Vienna last week, OPEC's Economic Commission Board (ECB) came outwith a forecast projecting growth in world oil demand of 0.84mn b/d, or 1.8%,next year rising from 65.91mn b/d in 1994 to 66.75mn b/d in 1995. At the sametime, it predicted an increase in non-OPEC supplies (including OPEC NGL) of0.39mn b/d, rising from 41.04mn b/d in 1994 to 41.43mn b/d in 1995. As far asthe demand call on OPEC crude supply...