OIL PRICES/OPEC
EIA Raises Global Demand Growth Outlook On Expectations Of Economic Stimulus
The US Energy Information Administration (EIA) has raised its forecast for global liquid fuels consumption growth to 800,000 b/d in 2012 and 900,000 b/d in 2013. This compares with a projected 700,000 b/d increase in both years in its previous outlook (MEES, 16 July). In its latest monthly Short-Term Energy Outlook, released on 7 Aug, EIA says: “Markets have...
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