July 10, 2018 / 4:10 PM / 4 months ago

U.S. EIA cuts 2018 world oil demand growth forecast

FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo

WASHINGTON, (Reuters) - The U.S. Energy Information Administration on Tuesday cut its 2018 world oil demand growth forecast by 80,000 barrels per day to 1.72 million bpd.

In its monthly forecast, the agency cut its oil demand growth estimate for 2019 by 10,000 bpd to 1.71 million bpd.

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