Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
SUPPLY/DEMAND
EIA Forecasts Average WTI Price Of $63/B In 2006
The Energy Information Administration (EIA) of the US Department of Energy forecast that tight international supplies will keep crude prices high in 2006, with the price for WTI expected to rise from an average $57/B in 2005 to $63/B in 2006. In the latest monthly Short-Term Energy Outlook, published on 6 December, the EIA says: Many of the same factors that drove world oil...
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