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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.

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