Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
EIA Hikes WTI Price Forecast To An Average $55/B For 2005-2006
The Energy Information Administration (EIA) of the US Department of Energy has revised upwards its forecast for WTI prices to an average $55/B during 2005-06, in the light of robust demand growth and global production capacity constraints. In the latest monthly Short-Term Energy Outlook, published on 7 April, the EIA says: The average WTI crude oil price for 1Q05 was $49.77/B,...
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