VOL. XXXVIIINO. 1112-DECEMBER-1994

Supply/Demand

Latest IEA Report Shows Recovery In Russian Output And Exports

The latest news on the non-OPEC output scene from the International EnergyAgency (IEA) centers not so much on North Sea production gains (as has so oftenbeen the case this year) but on a rebound in Russian output in the third quarterof 1994. In its most recent (end-November) forecast, the IEA has revised upwardsits estimates of total crude oil production in the Former Soviet Union...