SUPPLY/DEMAND

EIA Expects Crude Consumption To Grow By 1.1Mn B/D In 2012

The US Energy Information Administration (EIA) said it expects increases in global consumption to outpace production growth in countries outside OPEC during the next two years. In its latest Short Term Energy Outlook, released on 6 March, it forecast that world liquids consumption would grow by an annual average of 1.1mn b/d in 2012 and 1.4mn b/d in 2013. The administration said in the monthly review that world liquid...