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US EIA cuts 2022 global oil demand outlook by 100,000 b/d on slower US jet fuel recovery

Rising oil supply from OPEC+, US oil producers and other sources will outpace global oil demand growth next year, the US Energy Information Administration said Aug. 10 in its latest Short-Term Energy Outlook. EIA cut its estimate for 2022 global oil demand growth by 100,000 b/d from last month’s outlook, now predicting demand will increase .

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