VOL. XXXVI

NO. 9

30-NOVEMBER-1992

SUPPLY/DEMAND

OPEC's ECB Forecasts 1.2mn b/d Growth in for OPEC Demand Crude Supply in1993

Meeting in Vienna on 17-20 November - in advance of the 25 Novemberministerial conference - OPEC's Economic Commission Board (ECB) agreed on aforecast growth in demand for OPEC crude supply of 1.2mn b/d or 5.06% next year,from 23.7mn b/d in 1992 to 24.9mn b/d in 1993. This figure emerged as thecombined outcome from an 0.55mn b/d (0.85%) increase in world crude oil demandfrom...