VOL. XLVI

No 24

16-June-2003

SUPPLY/DEMAND

EIA Reduces US Demand Growth Forecast

The Energy Information Administration (EIA) of the US Department of Energy has maintained its expectation for global demand growth at 1mn b/d in 2003. However, in its latestShort-Term Energy Outlook, published on 6 June, the EIA has reduced its estimate of the US contribution to that growth by 120,000 b/d from last months forecast of a US demand increase of 460,000 b/d this year. Additionally, the agency predicts that...