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...