Middle East Economic Survey


No 37


EIA Sees Little Change In World Oil Market Outlook

The Energy Information Administration (EIA) of the US Department of Energy says in its latest Short-Term Energy Outlook, released on 8 September, that its view of world oil markets remains largely unchanged for the third month in a row. Despite a slight reduction in forecast global demand growth and the drop in world oil prices in recent weeks, the projected gradual reduction in global oil...