Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

SUPPLY DEMAND

EIA Says Tightening Supply Lends Support To Firming Oil Prices

The Energy Information Administration (EIA) of the US Department of Energy has increased slightly its global crude oil demand forecast for 2010 and 2011 in its latest Short-Term Energy Outlook, released on 7 December. The Outlook lifted global demand estimates for this year and next by 20,000 b/d and 10,000 b/d respectively over last months figures to forecast a...