NO. 32



IMF Outlook On Oil Demand And Supply In The Medium Term

The International Monetary Fund (IMF) expects global oil demand to grow by1.75% annually until the year 1995 and by about 1% a year between 1995 and 2000,according to the World Economic Outlook of April 1993. In the medium term,demand growth for oil is expected to decrease because of tax increases in theindustrial countries, as well as a fall in the oil intensity of output. Thereport concludes that...