U.S. Industry Scoreboard 1/19 [44,756 bytes] Oil demand and price forecasts are being trimmed because of the Southeast Asia economic crisis. IEA is pegging 1998 world oil demand at 75.3 million b/d, down from a previous forecast of 75.6 million b/d. The agency also cut its Asian demand forecast for 1998, to 9.4 million b/d from 9.6 million b/d only 1 month ago.

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