VOL. XXXVII

NO. 19

7-FEBRUARY-1994

Supply/Demand

Finally, Some Good News On The Demand Front

The release last week of the International Energy Agency's (IEA) latest (endJanuary) monthly report in which the agency revised upward its projections forfourth quarter 1993 and first quarter 1994 global demand by some 300,000 b/d and200,000 b/d, respectively, is bound to come as a welcome relief for hard-hitinternational crude markets. While slight downward revisions in the second,third, and fourth...