VOL. XLV

No 15

15-April-2002

SUPPLY/DEMAND

EIA Cuts 2002 Oil Demand GrowthForecast Again

TheEnergy Information Administration (EIA) of the US Department of Energy hasagain reduced its forecast for global oil demand growth in 2002 to 540,000 b/d,from the 600,000 b/d forecast in March (MEES,11 March). In its Short-Term EnergyOutlook published on 8 April, the EIA said its global oil demandprojections for 2002 suggested that world oil demand would continue to grow in2002 as world economies begin to...