VOL. XLV

No 41

14-October-2002

SUPPLY/DEMAND

EIA Maintains 2003 Demand Growth Forecast At 1.2 Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy has maintained its forecast for 2003 demand growth at 1.2mn b/d, and also its expectation for the normal 3Q-4Q consumption rise. In the latest edition of the monthly Short-Term Energy Outlook, published on 7 October, the EIA said it projects that demand for oil will rise by 1.4mn b/d during the fourth quarter above third...