US EIA cuts forecast for 2015 world oil demand growth, sees less 2016 US production

Discussion in 'Market News' started by ForexLive, Dec 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    More supply, less demand - EIA cuts 2015 world demand forecast by 40,000 barrels per day - Now sees 1.37 million barrel per day year-on-year increase - 2016 world oil demand growth unchanged at 1.4 million barrels per day increase There are just a bunch of shifting timelines here for the most part. They're recognizing that their 2015 forecasts were wrong (there was less demand and more supply) but they're pushing everything out into 2016.

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