VOL. XLV
No 28
15-July-2002
SUPPLY/DEMAND
EIAReduces 2002 Oil Demand Growth Forecast To 400,000 B/D
The Energy InformationAdministration (EIA) of the US Department of Energy has reduced its demandgrowth forecast for 2002 to 400,000 b/d from 600,000 b/d. In its latest Short-TermEnergy Outlook, published on 8 July, the EIA blames the latest reduction onweaker than estimated demand in the first half and carries over the predictionsfor second half demand from its June forecast which were themselves...
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