Free Trial

Energy Intelligence Reduce Demand Outlook

OIL

Monetary tightening by central banks worldwide, high commodity prices, and covid restrictions in China limit the outlook for oil consumption in the remaining months of 2022 and 2023 according to Energy Intelligence.

  • On average, IEA, OPEC, EIA and Energy Intelligence lowered Q4 2022 demand by 560kbpd in forecasts this month. Energy Intelligence reduced Q4 demand down by 1mbpd to 101.5mbpd, resulting in a downward revision of 400kbpd for the entire 2022.
  • Energy Intelligence see 2023 demand rising by 1.6mbpd, a revision down 500kbpd from their September forecast.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.