VOL. XXXVII

NO. 16

17-JANUARY-1994

Supply/Demand

IEA Slashes Demand Projections Yet Again

In what has become somewhat of a habit of late, the International EnergyAgency (IEA) has again revised downward its projection for global demand in thefirst quarter 1994 in its latest (end-December) monthly report. The 1Q 94 demandforecast has been on a slippery slope since it first appeared in the IEA'send-June 1993 report, at which time the agency projected world demand for thequarter at 69.5mn b/d. In the...