Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

SUPPLY/DEMAND

EIA Trims Demand Growth Outlook Further To 1.1Mn B/D In 2005, 1.8Mn B/D In 2006

The Energy Information Administration (EIA) of the US Department of Energy has reduced its demand growth outlook further as recovery from Hurricanes Katrina and Rita is taking longer than expected. In the latest monthly Short-Term Energy Outlook, published on 8 November, the EIA predicts that global oil demand growth will be 1.1mn b/d this year...