Open Demo Account
Home / Market Update / Commodities / EIA Reduces Its Forecast For Global Oil Demand Growth in 2021

EIA Reduces Its Forecast For Global Oil Demand Growth in 2021

Adel 10 February, 2021 1:23 pm Commodities, Market Update

The US Energy Information Administration, on Tuesday, February 9th, reduced its forecast for global oil demand growth in 2021 by 180,000 barrels per day to 5.38 million barrels per day.

In its monthly forecast, the administration raised its estimate of oil demand growth in 2022 by 190,000 barrels per day to 3.50 million barrels per day.

Tags

Check Also

ECB Divided on Inflation Risks as Eurozone Economy Slows

The European Central Bank found itself at a crossroads during its October meeting, with policymakers …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends