VOL. XXXVII

NO. 28

11-APRIL-1994

Supply/Demand

Latest IEA Demand/Stock Projections Look Positive For Producers

The eagerly-awaited International Energy Agency's (IEA) monthly report forend-March will no doubt give some encouragement to OPEC Ministers looking forsigns that their recent decision to roll-over the group's current 24.5mn b/dproduction quota through the end of the year was justified. Indeed, though notexactly overwhelming, the news out of Paris last week was largely positive: 1994...