VOL. XLVI

No 32

11-August-2003

SUPPLY/ DEMAND

EIA Increases Global Demand Growth Forecast For 2003 But Cuts US Contribution

The Energy Information Administration (EIA) of the US Department of Energy has increased its forecast for 2003 global oil demand growth, but significantly reduced the contribution it expects to come from the US. In the latest monthly Short-Term Energy Outlook, published on 6 August, the EIA says: World oil demand is projected to grow more than 1mn b/d in 2003. About...