NO. 6


Supply Demand

IEA Boosts 3Q 1991 Demand Estimates

The International Energy Agency (IEA) has sharply upgraded its estimates forworld oil demand in the third quarter of this year. The November (end-October)edition of the IEA's Oil Market Report (OMR) estimates 3Q 1991 world oil demandat 65.2mn b/d, an increase of 0.7mn b/d over the previous month's projection of64.5mn b/d. OECD oil demand in 3Q 1991 is now reckoned to have declined by 0.9mnb/d or 2.5% from 37.3mn...