Middle East Economic Survey


No 7


EIA Sees Improving Global Oil Outlook In 2010-11

The Energy Information Administration (EIA) of the US Department of Energy said the world oil market should gradually tighten in 2010 and 2011, as the global economic recovery continues and world oil demand begins to grow again. In its latest monthly Short-Term Energy Report, released on 10 February, the EIA said the continuation of the production targets set by OPEC, as well as lower overall...