Middle East Economic Survey


No 20


EIA Marks Up 2010 Oil Demand Growth To 1.6Mn B/D, Based On Economic Recovery

The Energy Information Administration (EIA) of the US Department of Energy slightly raised its assessment of demand growth for crude oil during 2010 in its latest Short-Term Energy Outlook, released on 11 May. The agency forecast world oil consumption to grow by 1.6mn b/d in 2010, up from 1.5mn b/d in last months forecast, and by 1.6mn b/d in 2011, unchanged from...