IEA SEES OIL DEMAND INCHING UP IN 1992

World demand for crude oil is likely to grow by 600,000 b/d to 66.8 million b/d in 1992, says International Energy Agency in its latest oil market report. Demand among members of the Organisation for Economic Cooperation and Development is expected to rise by 400,000 b/d, with the remainder of the increase coming from the rest of the world. Non-OECD growth has been reined by consumption declines in the former Soviet Union and non-OECD countries of Europe.

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