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EIA Lowers Global Oil Demand for 2023 to 100.98mbpd: EIA STEO

OIL

The EIA has lowered its global oil demand growth forecast to average 100.98mbpd this year, compared with last month’s forecast of 101.9mbpd according to the EIA STEO report.

  • Oil demand is expected to grow by 1.81mbpd year on year in 2023. World oil demand is forecast to rise to 102.34mbpd in 2024.

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