Middle East Economic Survey


No 50


EIA Adjusts 2010 Global Demand Forecast Down To 85.2Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy has forecast in its latestShort-Term Energy Outlook, released on 8 December, that global crude oil demand will rise to an average 85.2mn b/d next year. This marks a reduction from the 85.4mn b/d demand predicted by the EIA in its previous monthly report. The latest forecast said: World oil consumption will grow...