VOL. XLV

No 32

12-August-2002

SUPPLY/DEMAND

EIAReduces Near-Term Demand Forecast

The Energy InformationAdministration (EIA) of the US Department of Energy has increased its 2002 oildemand growth forecast slightly, but the increase is based on revisions to 2001data rather than optimism about 2H02 demand. In its latest Short-Term EnergyOutlook, published on 8 August, the EIA maintains its prediction for average2002 global oil demand at 76.5mn b/d, but reduces its estimate of 2001 demandto 76.0mn...