VOL. XLVI
No 19
12-May-2003
SUPPLY/DEMAND
EIA Forecasts Supply Growth Outstripping Demand Growth By 1.4Mn B/D In 2003
The Energy Information Administration (EIA) of the US Department of Energy has maintained its forecast for world oil demand growth in 2003 at 1.1mn b/d, despite the war in Iraq and the SARS outbreak. However, in its latest monthly Short-Term Energy Outlook, published on 8 May, the EIA predicts that global supply growth will this year outstrip demand growth by 1.4mn b/d, because of...
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