EIA raises forecast for 2021 world oil demand growth

The US Energy Information Administration announced that it raised the forecast for 2021 world oil demand growth by 180,000 barrels per day (bpd) to 5.5 million bpd, as reported by Reuters.

For 2022, the EIA lowered its forecast for world oil demand growth by 180,000 bpd to 3.65 million bpd.