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
Important
SourceNewsquawk
SectionEnergy & Power
- 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).