NO. 37

12 JUNE 1995


IEA Projects Higher Global Demand In Its End-May Forecast

The news last week from the International Energy Agency (IEA) was generallypositive, although not remarkably so. In its end-May Oil Market Report the IEAincreased its estimates of worldwide demand by a healthy 0.3mn b/d and 0.2mn b/din the first and second quarters of 1995, respectively. Global consumption forthe year is now pegged at 69.3mn b/d, up 0.1mn b/d over last month's report.Higher...