Middle East Economic Survey


No 38


EIA Forecasts Reduction In Demand Growth On Less Optimistic Economic Outlook

The Energy Information Administration (EIA) of the US Department of Energy has projected a decline in crude oil demand growth during 2011-12 in its latest Short Term Energy Outlook, released on 7 September. The EIA said it expects that world crude oil and liquid fuels consumption will continue growing from its record-high levels in 2010, but at a less robust...