EIA's April STEO reveals upward revisions in global oil consumption, production, and price forecasts. It also raises forecast on gasoline prices due to dwindling inventories.
What is covered in the Full Insight:
EIA's Updated International Energy Statistics
Raised consumption forecast and oil price expectation
Raised Global Liquid Fuels Production Forecast
Anticipated increase in US gasoline exports and decline in inventories
EIA’s revised forecasts for retail gasoline prices for 2024 and 2025
SUMMARY
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