Energy and oilUpdated Yesterday

EIA trims 2027 oil-demand growth outlook.

The U.S. Energy Information Administration’s November 10 Short-Term Energy Outlook projects global oil demand to recover in 2027, growing by about 2.0 million barrels per day. Attaqa reported the agency’s precise forecast at 1.97 million b/d, down from 2.21 million b/d previously. The EIA also expects global inventories to begin building in the fourth quarter of 2026, adding market context to the lower demand-growth outlook.

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