VOL. XLIV

No. 16

16-April-2001

SUPPLY/DEMAND

EIA Reduces 2001 Oil Demand Forecast For Fourth Month Running

The Energy Information Administration (EIA) of the US Department of Energy has reduced its estimate of 2001 global oil demand for the fourth month in a row, because of a further lowering of forecast global economic growth this year. In the latest edition of its monthly Short-Term Energy Outlook, published on 6 April, the EIA predicts that worldwide oil demand will grow by 1.4mn b/d in 2001 ...