Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

ESAI Sees Global Oil Demand Growth Easing to 1.6Mn B/D In 2005, 2006

Crude runs will rise by only 1.6mn b/d in 2005 and 2006 compared to the 2.5mn b/d increase in 2004, according to US-based Energy Security Analysis Incs (ESAIs) latest Crude Oil Outlook. Asian refiners were responsible for nearly half of the growth in global runs last year, but their share of future increases should fall to roughly one third through our forecast period. The...