Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

EIA Reduces Oil Demand Growth Prediction On Slowing Chinese Expansion

The Energy Information Administration (EIA) of the US Department of Energy has reduced its forecast for oil demand growth in the light of a slowing down of the rate of increase in Chinese consumption. In the latest monthly Short-Term Energy Outlook, published on 9 August, the EIA says: Worldwide petroleum demand growth is projected to remain robust during 2005 and...