VOL. XLIV

No. 29

16-July-2001

SUPPLY/DEMAND

EIA Further Reduces 2001 OilDemand Growth Forecast To 1.2Mn B/D

Forecast oil demand growth hasonce again been revised downwards by the Energy Information Administration(EIA) of the US Department of Energy to 1.2mn b/d for this year and a littlemore than this in 2002. In the latest edition of its monthly Short-Term Energy Outlook, published on6 July, the EIA blames this latest reduction on the gradual economic slowdownin the industrialized countries....