Middle East Economic Survey
VOL. XLVII
No 37
13-September-2004
SUPPLY/DEMAND
EIA Raises 2004 Oil Demand Growth Forecast To 2.4Mn B/D
The Energy Information Administration (EIA) of the US Department of Energy has raised its expectation of global oil demand growth in 2004, and now sees demand rising from 79.7mn b/d in 2003 to 82.2mn b/d this year and 84.2mn b/d in 2005. In the latest monthly Short-Term Energy Outlook, published on 8 September, the EIA says: World oil demand growth for 2004 has been...
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