Middle East Economic Survey

VOL. L

No 7

12-Feb-2007

SUPPLY/DEMAND

EIA Increases Demand Growth Forecast To 1.6Mn B/D For Both 2007 And 2008

The Energy Information Administration (EIA) of the US Department of Energy has raised its estimate for global oil demand growth to 1.6mn b/d in 2007 and 1.7mn b/d in 2008, compared with 1.5mn b/d for each year in its previous monthly forecast (MEES, 15 January). In the latest Short-Term Energy Outlook, published on 6 February, EIA says: Global oil demand is...