US EIA STEO: Cuts forecast for 2023 world oil demand by 490k BPD and now sees 1.48mln BPD Y/Y increase; raises 2022 forecast by 20k BPD to 2.12mln BPD Y/Y
- US crude output to rise 610k BPD to 12.36mln BPD in 2023 (prev. forecast last month rise of 840k BPD).
- US crude output to rise 500k BPD to 11.75mln BPD in 2022 (prev. rise of 540k BPD).
- US total petroleum consumption to rise 460k BPD to 20.35mln BPD in 2022 (prev. rise of 510k BPD).
- US petroleum demand to rise 190k BPD to 20.54mln BPD in 2023 (prev. rise of 350k BPD).
- US natgas consumption in 2022 seen at 87.89 BCFD (prev. 86.56 BCFD).
- US natgas consumption in 2023 seen at 85.30 BCFD (prev. 84.63 BCFD).
12 Oct 2022 - 17:14- EnergyImportant- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts