NO. 34



IEA And OPEC ECB Agree On Projections For Call On OPEC In 3Q And 4Q 1993

For once, the International Energy Agency (IEA) and OPEC are in agreement onthe projected call on OPEC crude supplies for the third and fourth quarters ofthis year. The latest (end-April) forecast published in the May issue of theIEA's monthly Oil Market Report (OMR) estimates the 3Q demand call on OPEC crudesupply (excluding stock movement) at 24.2mn b/d, rising to 26.4mn b/d in...