Iea raises from 200000 b/d to 25 Mb/d its projection of Opec petroleum and stocks call in 1996

In the last monthly report on the petroleum market, in date of seventh of March 1996, the International Energy Agency revised in fall its projection of non Opec petroleum supply for the whole 1996 year. In spite of this revision, the non-Opec offer should progress of 1,7 Mb/d this year. The most important part of this progression is explained by the growth of OECD production. This one comes only from the growth of production of western Europe (North Sea). Iea did not change its projection of the worldwide petroleum demand and has increased its estimation of Opec petroleum and stocks call to make certain the supply and demand balance. 3 tabs