VOL. XXXVII

NO. 42

18-JULY-1994

Supply/Demand

OPEC Raises Projections For Call On OPEC Crude Supply In 3Q 1994

The OPEC Secretariat has revised upwards its estimate of the likely call onOPEC crude supply before stock changes for the third quarter 1994 by some190,000 b/d, to 24.15mn b/d, while simultaneously lowering its estimate for thefourth quarter to 26.12mn b/d, a drop of 70,000 b/d from last month'sprojections (MEES, 13 June). This compares with IEA estimates of 24.2mn b/d in3Q and 25.7mn...