Varying views
The International Energy Agency (1.E.A.) has said that the world oil glut is deceptive and conceals the fact that long-term demand for fuel is on the upswing. The 1.E.A., which groups 21 oilconsuming countries, said in the first world energy outlook it has issued in five years, that oil • supply and demand should be equal at between 48 and 50 million barrels per day up to 1985, but this stability could be followed by excess demand later in the decade. It also said energy and oil prices may decrease significantly in real terms, minus the impact of inflation, during the remainder of this year and in 1983.—Paris.
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Press, 28 October 1982, Page 27
Word Count
109Varying views Press, 28 October 1982, Page 27
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