Middle East Economic Survey

VOL. LI

No 2

14-January-2008

SUPPLY/DEMAND

EIA Raises Demand Growth Expectations In First Forecast Of 2009 Oil Market Balance

The Energy Information Administration (EIA) of the US Department of Energy has increased its forecast for 2008 oil demand growth by 200,000 b/d and estimated 2009 demand growth at almost 1.6mn b/d in its first detailed forecast of 2009 supply and demand. In the latest monthly Short-Term Energy Outlook, published on 8 January, EIA says: World oil...