EIA STEO: 2023 world oil demand forecast raised by 60k BPD to a 1.11mln BPD Y/Y increase, 2024 forecast raised by 70k BPD to a 1.79mln BPD Y/Y increase
Important
SourceNewsquawk
SectionEnergy & Power
- 2023 US dry natural gas production forecast cut to 100.27 BCF/D from 100.34 BCF/D in Jan.; 2024 forecast cut to 101.68 BCF/D from 102.29 BCF/D in Jan.
- 2023 US natural gas consumption forecast hiked to 87.04 BCF/D from 86.74 BCF/D in Jan.; 2024 forecast hiked to 86.10 BCF/D from 85.79 BCF/D in Jan.
- 2023 US crude oil production forecast seen rising 590k BPD to 12.49mln BPD (prev. +550k); 2024 forecast seen rising 160k BPD to 12.65mln BPD (prev. 400k).
- 2023 US total petroleum consumption seen to stay flat at 20.0mln BPD (prev. +100k BPD); 2024 forecast seen rising 300k BPD to 20.6mln BPD (prev. 200k).