US EIA STEO: Holds forecast for 2024 world oil demand and sees 1.10mln BPD Y/Y increase; raises 2025 forecast for world oil demand growth by 300k BPD and now sees 1.80mln BPD Y/Y increase
- Raises forecast for 2024 US oil production by 10k BPD and now expects output to grow by 320k BPD Y/Y to 13.25mln BPD.
- Raises forecast for 2025 US oil production by 60k BPD and now expects output to grow by 520k BPD Y/Y to 13.77mln BPD.
- Raises forecast for 2024 US oil demand by 100k BPD and now expects demand to grow by 200k BPD Y/Y to 20.4mln BPD.
- Keeps forecast for 2025 US oil demand unchanged at 20.6mln BPD and 200,000 BPD growth over 2024.
- Lowers forecast for 2024 world oil production by 200k BPD and now expects output to grow by 600k BPD Y/Y to 102.4mln BPD.
- Lowers forecast for 2025 world oil production by 100k BPD and now expects output to grow by 2.2mln BPD Y/Y to 104.6mln BPD.
- Raises 2024 WTI price forecast to USD 82.03/bbl (prev. 79.70) and 2025 to USD 83.88/bbl (prev. 80.88).
- Raises 2024 Brent price forecast to USD 86.37/bbl (prev. 84.15) and 2025 to USD 88.38/bbl (prev. 85.38).
09 Jul 2024 - 17:02- EnergyImportant- Source: Newswires
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