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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (455)	7/6/2001 3:49:34 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

US EIA sees world oil demand growth less; higher than IEA; US up New York, July 6 (BridgeNews) - The U.S. Energy Information Administration said Friday that world oil demand in 2001 is expected to grow at a reduced rate than in 2000 due to the gradual economic slowdown. EIA sees world oil demand at 1.2 million barrels per day, higher than International Energy Agency's June forecast of 0.9 million bpd. United States 2001 demand is seen climbing 220,000 bpd, or 1.1%, versus 2000; and a further 280,000 increase is expected in 2002. (Story .16658) EIA says possibility of US natgas summer price jump seems remote New York, July 6 (BridgeNews) - The U.S. Energy Information Administration (EIA) said the possibility of a spike in summer natural gas prices now seems remote due to mild weather in the first half of the year and record injections into storage. The agency has lowered both its 2001 and 2002 natural gas prices forecasts and its 2001 demand view. ( Story .15508 ) EIA sees 2001 US electricity demand up 2.2% from year before New York, July 6 (BridgeNews) - The U.S. Energy Information Agency is forecasting U.S. energy demand in 2001 will only increase 2.2%, thanks in large part to slower U.S. economic growth, especially in California. Summer U.S. electricity demand is expected to rise 1.9% over last year's levels to meet an expected 4.2% increase in cooling degree days forecast for April-September in the latest EIA Short-Term Energy Outlook report. ( Story .15576 )