SUPPLY DEMAND

 

EIA Lowers Demand Growth Outlook On ‘Less Optimistic’ Economic Assumptions

The US Energy Information Administration (EIA) has reduced its forecast for global oil demand growth as a result of “less optimistic assumptions about the global economy.” In its latest monthly Short-Term Energy Outlook, released on 10 July, the agency says the forecast for global economic growth was lowered by 0.1 and 0.6 percentage points in...