Middle East Economic Survey


No 33


EIA Forecast Sees 2010, 2011 Demand Growth Largely Unchanged

The Energy Information Administration (EIA) of the US Department of Energy has in the latest Short-Term Energy Outlook, released on 10 August, said its view of the world oil market is largely unchanged from its July report. World oil prices will rise slowly as world oil demand increases because of projected global economic growth, slower growth in non-OPEC oil supply, and...