VOL. XLIV

No 41

8-October-2001

SUPPLY/DEMAND

EIASlashes Global Oil Demand Forecast As A Result Of US Attacks

TheEnergy Information Administration (EIA) of the US Department of Energy hashalved its prediction of global demand growth for 2001 because of last monthsterrorist attacks on the US, and has reduced its prediction for fourth quarterglobal demand growth by 700,000 b/d. In its latest Short-Term Energy Outlook,published on 4 October, the EIA forecasts that oil demand will grow by only500,000...