Middle East Economic Survey

VOL. XLIX

No 11

13-March-2006

SUPPLY/DEMAND

EIA Reduces Demand Growth Projection To 1.5Mn B/D For 2006

The Energy Information Administration (EIA) of the US Department of Energy has trimmed its forecasts for oil demand growth in 2006 and 2007, largely because of a reduction in anticipated US demand growth. In the latest monthly Short-Term Energy Outlook, published on 7 March, the EIA says: World oil demand growth is expected to increase from 1.2mn b/d in 2005 to 1.5mn...