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EIA Slightly Lowers 2024 Oil Demand to 102.34mbpd

OIL

The EIA forecasts global oil demand at 102.34mbpd in 2024, slightly revised down from 102.44mbpd in the November forecast according to the EIA Short Term Energy Outlook from late yesterday.

  • Global oil demand in 2023 is forecast at 101mbpd in the December outlook, compared with 101.04mbpd in the November outlook, meaning oil demand growth for 2024 has been slightly revised down to 1.34mbpd, from 1.4mbpd previously.


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