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...
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