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EIA Increasingly Optimistic About Oil Demand Growth –

The EIA has revised upwards its 2021 oil demand growth forecasts on the back of positive macroeconomic data



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By Tsvetana Paraskova – Apr 07, 2021, 5:00 PM CDTA stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook for April this week, raising its demand growth forecast by 200,000 bpd.  

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