Commodities & Futures News

US EIA cuts 2023 world oil demand growth forecast


FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo

 

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WASHINGTON, Nov 8 (Reuters) — The U.S. Energy Information Administration on Tuesday cut its 2023 world oil demand growth forecast by 320,000 barrels per day to 1.16 million bpd.

In its monthly forecast, the agency raised its oil demand growth estimate for 2022 by 140,000 bpd to 2.26 million bpd.

(Washington Energy, + 202-898-8415)

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