VOL. XLV

No 6

11-February-2002

SUPPLY/DEMAND

EIA Further Reduces2002 Demand Growth Forecast

TheEnergy Information Administration (EIA) of the US Department of Energy hasreduced its oil demand growth forecast for 2002 by 80,000 b/d, but maintainedits prediction for 2003 growth. In its latest Short-Term Energy Outlook,published on 6 February, the EIA says: EIAs global oil demand projections for2002 suggest world oil demand growth of 650,000 b/d, slightly less than the730,000 b/d growth shown in the...