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Reuters
Reuters
Politics

U.S. EIA cuts 2019 world oil demand growth forecast

FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder

WASHINGTON, (Reuters) - The U.S. Energy Information Administration on Tuesday cut its 2019 world oil demand growth forecast by 70,000 barrels per day to 1.00 million bpd.

In its monthly forecast, the agency raised its oil demand growth estimate for 2020 by 30,000 bpd to 1.43 million bpd.

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