Middle East Economic Survey


No 7


EIA Highlights Demand Growth As Key Factor For Oil Markets In 2005

The Energy Information Administration (EIA) of the US Department of Energy expects world petroleum demand growth to be the key factor for oil markets in 2005. In the latest monthly Short-Term Energy Outlook, published on 8 February, the EIA says: World petroleum demand growth for the 2005-2006 period is projected to average about 2.4% per year (approximately 2mn b/d per...