VOL. XXXVIIINO. 1616-JANUARY-1995

Supply/Demand

Further Non-OPEC Output Gains Predicted For 1995 In Latest IEA Forecast

Unexpected gains on the non-OPEC production front seriously upset globalsupply forecasts last year and it appears from the International Energy Agency'slatest (end-December) Oil Market Report that the relentlessly upward revisionsto non-OPEC supply which characterized 1994 could be repeated in 1995. While theIEA kept its estimates of total non-OPEC supply in 1Q95 unchanged at...