VOL. XXXVII

NO. 41

11-JULY-1994

General

IEA Extends Positive Demand Projections Into 1995

Oil market participants worried that the three-month old oil price rally maybe too heavily dependent on the vagaries of North American demand are likely totake comfort in the International Energy Agency's (IEA) latest (end-June) OilMarket Report, in which the agency projects continued economic expansion in theOECD Pacific and European regions in 1995. Indeed, in this initial look at 1995demand the IEA...