EIA: 2Q World Oil Use Forecast +200,000 B/D; China Unchanged

NASDAQ – Global oil demand in the current, second-quarter will be 200,000 barrels a day higher than projected a month earlier, the U.S. Energy Information Administration said Tuesday.

The EIA now expects demand in the quarter to be 83.8 million b/d, for a year- on-year growth rate of 1.7%.

EIA left unchanged from last month its projection for oil demand in China, the world’s second-biggest oil consumer, at 7.4 million b/d. That’s a growth rate of 7.2% from 6.9 million b/d a year ago.
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