Middle East Economic Survey


No 46


EIA Sees Rebound In World Consumption

The Energy Information Administration (EIA) of the US Department of Energy said in its latest Short-Term Energy Outlook released on 10 November that sustained economic growth in China and other Asian countries is contributing to the beginnings of a rebound in world oil consumption. This has led the EIA to revise upwards its expectations for world oil consumption for the second month running. It forecast...