VOL. XLVI

No 41

13-October-2003

SUPPLY/DEMAND

EIA Outlook Shifts Expected Demand Recovery Further Into Future

The Energy Information Administration (EIA) of the US Department of Energy has maintained its prediction that global demand growth will increase by 1mn b/d in both 2003 and 2004, but adjustments to quarterly expectations effectively push the anticipated demand recovery further into the future. In the latest monthly Short-Term Energy Outlook, published on 7 October, the EIA reduces its...