VOL. XXXVIII

NO. 24

13-MARCH-1995

Supply/Demand

Mixed Supply-Demand News For OPEC In Latest IEA Forecast

The International Energy Agency (IEA) has again lowered its estimate ofglobal oil demand in 1Q95. According to its end-February Oil Market Report, theIEA now calculates world oil demand for 1Q95 at 70.0mn b/d, down 0.1mn b/d fromits estimate a month ago. Unseasonably mild weather in the US during January wasmostly to blame for the downward revision, although warmer than normaltemperatures in...