Middle East Economic Survey


No 3


EIA Sees Tightening Of World Oil Market In 2010-11

The Energy Information Administration (EIA) of the US Department of Energy expects the world oil market to gradually tighten in 2010-11, provided the global economic recovery continues as projected. In its latest monthly Short-Term Energy Outlook, released on 12 January, the EIA said countries outside the OECD will lead demand recovery in 2010, but added that OECD countries themselves should...