Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

SUPPLY/DEMAND

EIA Predicts Demand Growth Of 1.6Mn B/D In 2006 And 1.9Mn B/D In 2007

In its first detailed global petroleum market outlook for 2007, the Energy Information Administration (EIA) of the US Department of Energy predicts strong demand growth as Asias developing economies expand. In the latest monthly Short-Term Energy Outlook, published on 10 January, the EIA says: World oil demand growth is expected to increase from 1.2mn b/d in...