US, World Face Lower Oil Demand Growth to June: EIA

U.S. and world oil demand will be lower than expected through June as petroleum prices stay high, the government’s top energy forecasting agency said on Tuesday.

The projections of lower demand, particularly for the second quarter, come as OPEC ministers meet in Vienna this week to review their production policies and could justify concerns of some cartel members that output needs to be cut at some point in the coming months to prevent a drop in crude prices.
Reuters