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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

AUGUST 9, 2023

—EIA Administrator Joe DeCarolis EIA also forecasts global liquid fuels production will increase by 1.4 million b/d in 2023, which is partly offset by a drop in OPEC liquid fuels production. Non-OPEC production growth in the forecast is led by the United States, Brazil, Canada, Guyana, and Norway. million b/d, with 1.2

Oil 370
Oil Oil Prices Global Price 370
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. 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.

Oil Prices 210
Oil Prices Oil Global Price 210
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