Middle East Economic Survey


No 24


EIA Trims 2010 Demand Growth Forecast To 1.5Mn B/D, 2011 Remains at 1.6Mn B/D

The Energy Information Administration (EIA) of the US Department of Energy left its assessment of global crude oil demand growth for 2010 and 2011 little changed in the latest Short-Term Energy Outlook, released on 9 June. It projected that world oil consumption would grow by 1.5mn b/d in 2010 down by 100,000 b/d from the May forecast and by 1.6mn b/d in 2011,...