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EIA raises forecast for 2023 world oil demand by 50,000 barrels per day
- Now sees 1.05 mbpd y/y increase
- Sees US crude production up 550k bpd to 12.41 mbpd in 2023 vs prior estimate of +470k bpd.
There are some major divergences in these numbers with oil trader Pierre Andurand, for instance, forecasting 4 mbpd of demand growth due to China reopening.
This article was written by Adam Button at www.forexlive.com... Read More Posted: Jan 10 2023, 17:06
Author Name: forexlive
Views: 102755