Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

EIA Trims Supply/Demand Outlook In Light Of Hurricane Katrina

The Energy Information Administration (EIA) of the US Department of Energy has trimmed its estimate of US oil demand growth in the wake of Hurricane Katrina. In the latest monthly Short-Term Energy Outlook, published on 7 September, the EIA says that Katrina initially reduced oil supplies by an estimated 1.4mn b/d, while 1.9mn b/d of refining capacity was shut down as the...