International Business

Oil Demand Expected to Soar, but Not OPEC Profits: Despite higher demand this year, with supplies at record levels and Iraq talking to the United Nations about a temporary resumption of exports, cash-strapped OPEC producers will see few gains. Non-OPEC producers are expected to pump a hefty 2 million barrels per day more than last year, outpacing the rise in world demand of 1.6 million barrels a day forecast by the International Energy Agency. In its monthly market report, the Paris-based agency revised upward its January forecast for 1996 world oil demand by 100,000 barrels per day, to 71.6 million.