VOL. XLVII
No 07
16-February-2004
SUPPLY/DEMAND
EIA Predicts 3.1 Mn B/D Oil Demand Growth During 2004-2005
The Energy Information Administration (EIA) of the US Department of Energy predicts that global oil demand growth will be about 2% in both 2004 and 2005, with overall demand rising from 79.0mn b/d in 2003 to 80.6mn b/d in 2004 and 82.1mn b/d in 2005. In its latest monthly Short-Term Energy Outlook, published on 10 February, the EIA says: Assuming these growth rates, oil demand in 2005 would...
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