Middle East Economic Survey


No 24


EIA Boosts Oil Demand Forecast For 2011, Leaves 2012 Unchanged

The Energy Information Administration (EIA) of the US Department of Energy has increased its global oil demand forecast for 2011 by 300,000 b/d to 1.7mn b/d, but left its projected increase in demand of 1.6mn b/d for 2012 unchanged. In the latest issue of its Short-Term Energy Outlook, published on 7 June, the EIA said it expects that world liquid fuels consumption, which...