Middle East Economic Survey


No 37


EIA Sees Demand Growth In 4Q09 As World Economy Begins To Recover

The Energy Information Administration (EIA) of the US Department of Energy said that preliminary data indicate that global oil consumption declined by 3mn b/d in the second quarter of 2009 compared with year earlier levels. In the latest issue of its monthly Short-Term Energy Outlook (Outlook), published on 9 September, the EIA said OECD countries accounted for most of the...