Middle East Economic Survey


No 24



EIA Forecasts Modest Rebound For Crude Oil Demand In 2010

The Energy Information Administration (EIA) of the US Department of Energy made modest changes to its 2009 and 2010 crude oil demand forecasts in the latest issue of its monthly Short-Term Energy Outlook, published on 9 June. The report projected that global crude oil consumption will increase by 10,000 b/d in 2009 to 83.68mn b/d and put demand for 2010 at 84.41mn b/d. The...