VOL. XXXVII

NO. 11

13-DECEMBER-1993

Supply/Demand

IEA Demand Forecast Holds Steady For 4Q 1993, 1994

The fact that the International Energy Agency finally reversed several monthsof downward revisions to its 1993 global demand projections in its latest (endNovember) monthly report failed to even register with jittery crude markets lastweek. As it turned out, the oversight was not without some merit. Increaseddemand in non-OECD regions accounted for all of the 100,000 b/d (to 68.2mn b/d)increase,...