IPAA sees mixed performance for oil and gas. (1995-1996 forecast)(Independent Petroleum Association of America)

U.S. oil and gas producers in 1995-96 will post one of their strongest recent showings, boosting gas flow and slowing the oil production slide.

So reports the supply/demand committee of the Independent Petroleum Association of America. The committee disclosed the forecast in midNovember at IPAA's annual meeting in San Diego.

IPAA predicts U.S. gas demand and production will increase this year and next.

Production won't increase enough to curtail imports of Canadian gas. But it will be big enough, given expected demand, to hold yearly import growth rates to single digits for the first time since 1991.

IPAA's oil outlook is mixed, with the decline of …