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US EIA cuts forecast for 2021 world oil demand growth by 80K bpd

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The latest forecast data from the US EIA

  • Now sees 5.33 mbpd increase this year
  • EIA raises 2022 forecast by 80K bpd and sees 3.72m bpd increase

Risk assets are bouncing today but there isn’t much life in oil. WTI is down $1.79 to $71.58. In a bull market, you go up the escalator and retrace in the elevator.

The latest forecast data from the US EIA

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