EIA slashes world oil demand growth forecast

THE US Energy Information Administration (EIA) 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 bopd.

09 November 2022
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The EIA cut its 2023 world oil demand growth forecast by 320,000 bopd, to 1.16 million bopd, while raising 2022 oil demand growth by 140,000 bopd, to 2.

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