Middle East Economic Survey


No 7



EIA Says Global Crude Oil Demand Will Fall By 1.2Mn B/D In 2009 To 84.7Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy forecasts a decline in global crude oil demand of 1.2mn b/d during 2009, resulting in world oil demand averaging 84.70mn b/d during the year 400,000 b/d less than its forecast from the previous month. In the latest Short-Term Energy Outlook (STEO), published on 10 February, the...