VOL. XXXVII

NO. 43

25-JULY-1994

Supply/Demand

CGES Sees Big Rise In 4Q Non-OPEC Flows, Cautions OPEC AgainstComplacency

In its latest Monthly Oil Report (MOR), the London-based Centre for GlobalEnergy Studies argues that, while OPEC could probably add another 0.2mn b/d toits current 25.0mn b/d output in the fourth quarter without much price impact,the producer group should guard against leakage above this level in order toavoid any price deterioration in 4Q94. While the Centre forecasts relatively...