Middle East Economic Survey


No 28


EIA Sees Demand Growth At 1.56Mn B/D For 2010

The Energy Information Administration (EIA) of the US Department of Energy has again left its assessment of global crude oil demand growth for 2010 and 2011 almost unchanged, in its latest Short-Term Energy Outlook, released on 7 July. World oil consumption is expected to increase by 1.56mn b/d in 2010 and 1.47mn b/d in 2011. But the Outlook says that estimates for oil consumption in 2009 had...