Middle East Economic Survey


No 42


EIA Raises 2010 Demand Growth Forecast, 2011 Unchanged

The Energy Information Administration (EIA) of the US Department of Energy has slightly increased its global demand growth forecast for 2010 to 1.7mn b/d, but left its forecast for 2011 unchanged from last month at 1.4mn b/d. In its latest Short-Term Energy Outlook, released on 13 October, the EIA forecast world demand to average 86.06mn b/d in 2010 and 87.44mn b/d in 2011. World...