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OIL AND GAS JOURNAL: EIA lowers 2001 world oil demand growth forecast. [1 figure].
The American Energy Information Administration has revised down its forecast of world oil demand from 1.2 M bbl/d to 1 M bbl/d for 2001 but does not expect a slowing of demand.
Petrol demand in the USA in Jul 2001 increased 2.3% in response to a price cut applied from Jun 2001.
The loss of Iraqi oil exports and the cut by OPEC scheduled for Sep 2001 will reduce stocks and the price of oil will …
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