VOL. XLVI

No 3

20-January-2003

SUPPLY/DEMAND

EIA Forecasts Demand Growth Of 1.3Mn B/D In 2003 And 1.4Mn B/D In 2004

The Venezuelan crisis has deflected attention from the fundamental question of whether world oil demand will recover as expected, according to the Energy Information Administration (EIA) of the US Department of Energy. In its latest monthly Short-Term Energy Outlook, published on 8 January, the EIA says that demand recovery is under way in the US, where GDP growth is expected to be...