Middle East Economic Survey


No 11


EIA Boosts 2010 Demand Growth Forecast To 1.5Mn B/D On Expected Economic Growth

The Energy Information Administration (EIA) of the US Department of Energy revised upward its 2010 crude oil demand forecast by 0.3mn b/d in the latest edition of its monthly Short-Term Energy Outlook, released on 9 March. The EIA said its optimistic updated expectation for global economic growth during 2010 drives the 2010 forecast for oil consumption growth...