Raises 2019 oil demand by 20K BPD

The EIA has cut 2018 world oil demand by 60K BPD to 1.52 BPD, but raised the 2019 demand by 20K BPD. Now sees 1.49M BPD

  • Raise 2018 US oil output estimate to 10.74M BPD vs 10.66M
  • Cuts US gasoline 2019 demand estimate to 9.32M BPD from 9.34M