No 50



EIA Outlook Predicts Oil Demand Rise Of 1.4Mn B/D In 2003

The Energy Information Administration (EIA) of the US Department of Energy has raised its prediction for demand growth in 2003 to 1.4mn b/d, from the earlier 1.3mn b/d (MEES, 18 November). In the latest edition of the monthly Short-Term Energy Outlook, published on 9 December, the EIA says: The limiting factors for OPEC 10 production growth in 2003 will continue to be the situations in Iraq and...