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EIA boosts 2023 world oil demand growth but cuts 2024 forecast

Sees world oil demand 50k bpd higher this yearSees demand 250k bpd below previous levels next yearSees 2023 demand up 1.81 mbpdSees 2024 demand up 1.36 mbpdGlobal oil inventories forecast to fall by 0.2 million b/d in the fourth quarter of 2023 forecast U.S. gasoline consumption will average 8.9 million b/d in 2023 and 8.7 million b/d in 2024. The 2024 forecast is down by 0.2 million b/d from our August STEO due to lower working age population.Full reportWTI crude oil was last up $1.85 to $89... Read More

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Content Topics

Boosts

2023

World

Demand

Growth

Cuts

2024

Forecast

Forex

Posted: Sep 12 2023, 16:05

Author Name: forexlive

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