EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices
Green Car Congress
AUGUST 9, 2023
EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. —EIA Administrator Joe DeCarolis EIA also forecasts global liquid fuels production will increase by 1.4 In 2024, global production increases by 1.7
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