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The US Energy Information Administration raises its forecast for global oil demand in 2020

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Tuesday, August 11, 2020 - 18:07
Point Trader Group
The US Energy Information Administration raises its forecast for global oil demand in 2020

Today, Tuesday, the US Energy Information Administration raised its forecast for global oil demand in 2020 by 40,000 barrels per day, 

and now expects a decline of 8.11 million barrels per day compared to the previous year. In its monthly forecast, the administration raised its estimate of global oil demand growth in 2021 by 30,000 barrels per day, and now expects an increase of 7.02 million barrels per day over the previous year.

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