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The U.
S.
Energy Information Administration released news on the 12th that the growth of U.
S.
oil demand in 2016 was lower than expected and would be adjusted
according to the 2017 forecast.
U.
S.
oil demand is expected to increase by 160,000 b/d in 2016, down from 220,000 b/d forecast in the previous period
, according to the U.
S.
Energy Information Administration.
It was up 120,000 b/d in 2017, up
from 60,000 b/d in the previous forecast.
In terms of global oil demand growth in 2016, it was revised down by 10,000 b/d from the previous forecast, and production increased by 1.
44 million bpd
.
In addition, 2017 was an increase of 20,000 barrels from the previous forecast, and production increased by 1.
49 million barrels
per day.
"India and China expect global oil consumption to grow
this year and next," the EIA chief said.
On the other hand, the UK will leave the European Union, and European oil consumption is likely to decrease
when business investment and consumer spending cool sharply.
”
The EIA said U.
S.
oil production was lower than it was
last expected.
U.
S.
oil production is expected to fall by 8.
61 million barrels per day in 2016 (the previous forecast was 8.
6 million barrels per day).
Production is expected to decrease by 8.
2 million barrels per day in 2017 (the previous forecast was 8.
19 million barrels per day).
The U.
S.
Energy Information Administration released news on the 12th that the growth of U.
S.
oil demand in 2016 was lower than expected and would be adjusted
according to the 2017 forecast.
U.
S.
oil demand is expected to increase by 160,000 b/d in 2016, down from 220,000 b/d forecast in the previous period
, according to the U.
S.
Energy Information Administration.
It was up 120,000 b/d in 2017, up
from 60,000 b/d in the previous forecast.
In terms of global oil demand growth in 2016, it was revised down by 10,000 b/d from the previous forecast, and production increased by 1.
44 million bpd
.
In addition, 2017 was an increase of 20,000 barrels from the previous forecast, and production increased by 1.
49 million barrels
per day.
"India and China expect global oil consumption to grow
this year and next," the EIA chief said.
On the other hand, the UK will leave the European Union, and European oil consumption is likely to decrease
when business investment and consumer spending cool sharply.
”
The EIA said U.
S.
oil production was lower than it was
last expected.
U.
S.
oil production is expected to fall by 8.
61 million barrels per day in 2016 (the previous forecast was 8.
6 million barrels per day).
Production is expected to decrease by 8.
2 million barrels per day in 2017 (the previous forecast was 8.
19 million barrels per day).