Middle East Economic Survey
VOL. XLVII
No 24
14-June-2004
SUPPLY/DEMAND
EIA Raises Oil Demand Growth Forecast To More Than 2Mn B/D In Both 2004 And 2005
The Energy Information Administration (EIA) of the US Department of Energy has increased significantly its demand growth outlook, predicting that global oil demand growth for 2004 will be 2.1mn b/d, with a further increase of 2.2mn b/d expected in 2005. In its latest monthly Short-Term Energy Outlook, published on 8 June, the EIA forecasts that...
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