Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

SUPPLY/DEMAND

EIA Raises 2004 Global Demand Growth Forecast To 2.6Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy has raised its forecast for 2004 global oil demand growth for the second month in a row. In its latest monthly Short-Term Energy Outlook, published on 6 October, the EIA says: World petroleum demand growth for 2004 has been revised upwards to 2.6mn b/d, reflecting 3.3% growth over 2003, an...