Middle East Economic Survey
VOL. XLIX
No 7
13-February-2006
OIL PRICES/SUPPLY/DEMAND
EIA Predicts WTI Average Price Of $65/B For 2006
The Energy Information Administration (EIA) of the US Department of Energy has raised its forecast average WTI price for 2006 to $65/B, saying that cold weather in parts of Asia and Europe combined with uncertainties regarding oil supplies from Nigeria, Iran and Iraq were helping to keep prices high. In the latest monthlyShort-Term Energy Outlook, published on 7...
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