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This Week in Petroleum: EIA continues to revise 2019 global liquid fuels consumption forecast lower


  • In the September 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) revised its forecast for 2019 global liquid fuels consumption down to 100.8 million barrels per day (b/d), 0.1 million b/d lower than the August STEO and 0.7 million b/d lower than the January STEO.
  • EIA revised down its 2019 forecast for U.S. total liquid fuels consumption by 0.2 million b/d from the January STEO to 20.6 million b/d in the September STEO.
  • In Asia, EIA revised Indian liquid fuels consumption growth for 2019 down by 0.1 million b/d from the January STEO to the September STEO because slower economic growth contributed to lower first-half 2019 liquid fuels consumption than forecast.



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