Middle East Economic Survey
EIA Sees Tightening World Oil Market Over 2010-12
The Energy Information Administration (EIA) of the US Department of Energy expects the world oil market to continue to tighten over the next two years, according to its latest monthly Short-Term Energy Outlook, released on 12 January. It added that the global economic recovery remains uncertain due to a number of factors. The EIA forecast that world oil demand would rise by...