Thursday, May 13, 2010

US Predicts Further Growth in Oil Demand

Latest US prediction says oil-consumption-weighted GDP will increase by 3.6% this year.

" In its latest short-term energy outlook (STEO), the US Energy Information Administration projects that US real gross domestic product will grow by 3% this year, while worldwide real oil-consumption-weighted GDP will increase by 3.6%. Both of these projections are 0.2% higher than in EIA’s previous outlook."

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