EIA Cuts World Oil Demand Growth For 2023 ...Middle East

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EIA Cuts World Oil Demand Growth For 2023
source : OILPRICE ( Middle East ) () 26
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not expanding supply, and as OPEC+ moved last month to cut production targets by 2 million bpd. The EIA has cut its 2023 world oil demand growth forecast by 320,000 barrels per day, to 1.16 million bpd, while raising 2022 oil demand growth by 140,000 bpd, to 2.6 million bpd, according to its Short-Term Energy Outlook published on Tuesday. The EIA expects global oil inventories to begin to fall…

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