EIA raises forecast for 2023 world oil demand by 50,000 barrels per day | Forexlive

• Now sees 1.05 mbpd y/y increase
• Sees US crude production up 550k bpd to 12.41 mbpd in 2023 vs prior estimate of +470k bpd.

There are some major divergences in these numbers with oil trader Pierre Andurand, for instance, forecasting 4 mbpd of demand growth due to China reopening.