Middle East Economic Survey


No 42


EIA Says Market Easing, But Supply Uncertainty And Economic Worries Complicate Picture

The Energy Information Administration (EIA) of the US Department of Energy said it expects world crude oil and liquid fuels demand to continuing growing from 87.1mn b/d in 2010 to 88.4mn b/d in 2011 and 89.8mn b/d in 2012. In the latest issue of its Short-Term Energy Outlook, released on 12 October, the EIA forecast that demand in OECD countries would...