Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

EIA Trims 2005 Demand Growth Forecast To 1.2Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy has significantly reduced its forecast of 2005 worldwide oil demand growth in response to Hurricanes Katrina and Rita. In the latest monthly Short-Term Energy Outlook, published on 12 October, the EIA says: Worldwide petroleum demand growth is projected to slow from 2004 levels, but still remain strong during...