NO. 12



OECD Forecasts 6% Increases in OPEC Oil Production in 1993 and 1994

In its latest oil supply/demand forecast, the Organization for EconomicCooperation and Development (OECD) is projecting that world oil demand will riseby 1mn b/d or 1.5% to 68.0mn b/d in 1993, and by a further 1.3mn b/d or 1.9% to69.3mn b/d in 1994

On the supply side CIS production is predicted to fall to 7.5mn b/d from9.0mn b/d in 1992 and 8.1mn b/d in 1992. However - with CIS...