VOL. XLV

No 46

18-November-2002

SUPPLY/DEMAND

EIA Predicts 1.3Mn B/D Oil Demand Growth In 2003

The Energy Information Administration (EIA) of the US Department of Energy has largely carried over its oil supply/demand outlook from last month, predicting that the limiting factors for OPEC 10 production growth in 2003 will continue to be the situation in Iraq and the pace of the recovery of the world economy. In its latest Short-Term Energy Outlook, published 8 November, the EIA says: The US economy...