VOL. XXXII

NO. 35

5-JUNE-1989

GENERAL

IMF Sees Moderate Rise in World Medium-Term Demand for OPEC Oil

The International Monetary Fund (IMF) expects world demand for OPEC oil tocontinue to rise at a moderate but gradually rising pace in the first half ofthe 1990s, according to its World Economic Outlook. "World oil demand inthe medium term (in the period up to 1994), is expected to grow by about 1-2% ayear, that is, at a significantly slower pace than the growth in worldGNP," the report states. The...