VOL. XLIII

No. 20

15-May-2000

US

US Department Of Energy Predicts 1.3Mn B/D Rise In Global Oil Demand This Year

Worldwide demand for crude oil will grow by 1.3mn b/d to an average of almost 76mn b/d in 2000, according to the Energy Information Administration (EIA) of the US Department of Energy. In the May edition of its monthly Short Term Energy Outlook, the EIA says that while this years demand rise is expected to surpass the 1mn b/d increase of 1999, it will still be significantly below the...