The U.S. Energy Information Administration raised its forecast for global oil demand growth in 2023 by 50,000 barrels per day to 1.81 million barrels per day. Additionally, the administration reduced its monthly forecasts for oil demand growth for 2024 by 250,000 barrels per day to 1.36 million barrels per day.
U.S. Energy Forecasts Increase in Global Oil Demand in 2023
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