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

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.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …