Middle East Economic Survey


No 7


EIA Sees Oil Market Continuing To Tighten During 2011-12

The Energy Information Administration (EIA) of the US Department of Energy reiterated in its latest monthly forecast that it expects a continued tightening of world oil markets over the next two years. In the Short-Term Energy Outlook released on 9 February, the EIA said world crude oil and liquid fuels consumption grew by some 2.4mn b/d in 2010 to 86.7mn b/d the second largest...