Tag: EIA
World Oil Demand Growth Unchanged in June; EIA Cuts Forecast
· WTI crude oil price rose by 2.6% to USD94.54 per barrel
· World oil demand growth remains almost unchanged at 0.80mnbpd in 2013
· EIA...
Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
Crude oil advanced slightly for third consecutive week
Crude oil for October delivery managed to end the week in the positive, however only rose a little in weekly terms despite having ranged...
Global Oil Demand Growth Outlook lowered
The U.S. Energy Information Administration's short-term economic growth assumptions have been lowered substantially this month compared with August's Energy Outlook.
The latest forecast assumes that...
Oil markets expected to continue to tighten
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...