Non-OPEC Output Up Again In Latest IEA Forecast
The endless saga of increasing non-OPEC supply continued last week with therelease of the International Energy Agency's end-July Oil Market Report. In thislatest chapter, the IEA has revised its estimates of non-OPEC output in thethird and fourth quarters of 1995 to some 42.2mn b/d and 43.5mn b/d,respectively, up 0.4mn b/d and 0.5mn b/d over last month's report (MEES, 17July). To make matters worse for...
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