Middle East Economic Survey

VOL. XLIX

No 37

18-Sept-2006

SUPPLY/DEMAND

EIA Trims Oil Demand Growth Forecast On Faltering OECD Consumption

The Energy Information Administration (EIA) of the US Department of Energy has reduced by 100,000 b/d its predictions for global oil demand growth this year and next. In the latest monthly Short-Term Energy Outlook, published on 12 September, the EIA says: Projected world petroleum consumption growth is 1.2mn b/d in 2006 and 1.7mn b/d in 2007 despite prevailing...