VOL. XLVI

No 15

14-April-2003

SUPPLY/DEMAND

EIA Maintains 2003 Demand Growth Forecast At 1.1Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy has maintained its forecast for 2003 global oil demand growth at 1.1mn b/d, but raised its near-term estimates for actual demand by 1.2-1.3mn b/d. In the latest monthly Short-Term Energy Outlook, published on 8 April, the EIA says: The US economy will grow by 2.6% in 2003 (compared with 2.4% growth in 2002), contributing to...