NO. 33

15 MAY 1995


IEA Increases 1995 Non-OPEC Supply Estimates In End-April Forecast

As if there were any doubt, the International Energy Agency's latest(end-April) Oil Market Report provides even more convincing evidence thatnon-OPEC production is on a relentless uphill course again this year. Indeed,with estimates of non-OPEC supply trending upward with each consecutiveforecast, OPEC planners can only hope that the degree to which industryforecasters originally...