VOL. XLVI

No 11

17-March-2003

SUPPLY/DEMAND

EIA Reduces Near-Term Demand Expectation

The Energy Information Administration (EIA) of the US Department of Energy has reduced its demand growth forecast for 2003 and also reduced the forecast levels for actual demand. In the latest edition of its monthly Short-Term Energy Outlook, published on 6 March, the EIA said: The US economy will grow by 2.9% in 2003 (compared with 2.4% growth in 2002), contributing to the recovery of US oil demand. About 40% of...