The American energy agency reduces its expectations for global demand for oil and American oil production

The US Power Data Administration (EIA) has examined its expectations for world oil demand and a uncooked materials analyst at Komerbank Carsten Freich.

Excellence fears that oil costs refuse

“You at the moment are anticipating a rise of 900,000 barrels per day solely this 12 months and 1 million barrels per day subsequent 12 months.

“Consequently, Power Data Administration has additionally significantly diminished its oil costs hypotheses. In response, power Data Administration has additionally diminished its expectations for American crude oil manufacturing.