Middle East Economic Survey


No 46


EIA Boosts Oil Demand Forecasts For 2010 And 2011

The Energy Information Administration (EIA) of the US Department of Energy has increased its global crude oil demand forecasts for 2010 and 2011 by 270,000 b/d and 330,000 b/d respectively. In its latest Short-Term Energy Outlook, released on 9 November, the EIA forecast that world oil demand for 2010 would rise by 2.0mn b/d over 2009 to 86.33mn b/d, and that demand in 2011 would...