VOL. XLV

No 2

14-January-2002

SUPPLY/DEMAND

EIA Predicts 1.3Mn B/D Oil Demand Growth In 2003

The Energy InformationAdministration (EIA) of the US Department of Energy predicts that global oildemand will rise by up to 1.3mn b/d in 2003, although it has maintained itsestimate of growth this year at 800,000 b/d. In its latest Short-Term EnergyOutlook, published on 8 January, the EIA forecasts that worldwide oildemand will rise from 75.8mn b/d in 2001 to 76.5mn b/d in 2002 and 77.8mn b/din 2003. This...