EIA expects record global petroleum consumption in 2024, with lower crude oil prices
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JANUARY 11, 2023
EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana. EIA expects the share of US electricity generated from coal to decrease from 20% in 2022 to 18% in 2023 and then to 17% in 2024.
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