VOL. XLVI

No 28

14-July-2003

SUPPLY/DEMAND

EIA Reduces 2003 Oil Demand Growth Forecast To 900,000 B/D

The Energy Information Administration (EIA) of the US Department of Energy has reduced its forecast of global oil demand growth for 2003, because of a downward revision of US demand estimates in the light of a continuing recession and reaction to the US-led war in Iraq. In its latest monthly Short-Term Energy Outlook, published on 8 July, the EIA reduces its predictions for both global and US oil...