VOL. XXXVIII

NO. 20

13-FEBRUARY-1995

Supply/Demand

IEA's Latest Forecast Further Erodes 1995 Call On OPEC Supply

Once again, in its end-January supply/demand outlook, the InternationalEnergy Agency (IEA) has further downgraded the call on OPEC crude output as aconsequence of a lower estimate for world demand and a higher forecast for non-OPEC supply. In its latest Oil Market Report, the IEA has lowered its estimatesfor world demand for full-year 1995 by 0.1mn b/d following downward revisions inthe...