VOL. XXXVIII
NO. 42
17-JULY-1995
OPEC
Despite Demand Rise, Little Room Seen For OPEC Output Growth In 1996
In its latest (end-June) Oil Market Report, the International Energy Agency (IEA)takes an initial look at the global supply and demand balance for full-year1996, and the projections do not bode well for OPEC. While total worldwidedemand is expected to jump a hefty 1.54mn b/d to 71.1mn b/d next year, a 1.145mnb/d increase in non-OPEC supply coupled with a 0.235mn b/d increase in OPECnatural...
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