Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

SUPPLY/DEMAND/OPEC

EIA Forecasts Global Crude Oil Decline At 1.4Mn B/D During 2009

The Energy Information Administration (EIA) of the US Department of Energy has increased by 200,000 b/d its estimate for the decline in global crude oil demand for 2009 compared with its previous monthly forecast (MEES, 16 February). In the latest issue of its Short-Term Energy Outlook (Outlook), published on 10 March, the EIA said average annual world oil...