Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
SUPPLY/DEMAND
EIA Reduces 2004 Oil Demand Growth Forecast To 2.6Mn B/D
The Energy Information Administration (EIA) of the US Department of Energy has reduced its forecast for 2004 global oil demand growth by 200,000 b/d partly in response to high oil prices. In the latest monthly Short-Term Energy Outlook, published on 7 December, the EIA says: World petroleum demand growth for 2004 has been revised downwards slightly from the previous ...
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