Middle East Economic Survey
VOL. XLVII
No 46
15-November-2004
SUPPLY/DEMAND
EIA Raises 2004 Oil Demand Growth Forecast To 2.8Mn B/D
The Energy Information Administration (EIA) of the US Department of Energy has raised its expectations for oil demand growth this year, and predicts that global demand will rise from 79.7mn b/d in 2003 to 82.5mn b/d in 2004 and 84.5mn b/d in 2005. In the latest monthly Short-Term Energy Outlook, published on 9 November, the EIA says: World petroleum demand growth for...
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