EIA Sees Acceleration In Crude Demand Growth During 2012-13

The US Energy Information Administration (EIA) said in its latest Short Term Energy Outlook, released on 10 January, that world oil consumption grew by around 1.0mn b/d in 2011 to 88.1mn b/d. This compares with the EIA’s 2010 estimate for world oil consumption of 87.07mn b/d reported in the administration’s December 2011 report (MEES, 12 December 2011). “World oil consumption grows by an annual average of 1.3mn...