U.S. EIA cuts 2021 world oil demand growth forecast

A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg
A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/Files

June 8, 2021

WASHINGTON (Reuters) – The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 10,000 barrels per day to 5.41 million bpd.

In its monthly forecast, the agency cut its oil demand growth estimate for 2022 by 90,000 bpd to 3.64 million bpd.