EIA cuts forecast for 2020 world oil demand growth by 20K bpd

The U.S. Energy Information Administration has recently announced that it cut its forecast for 2020 global oil demand growth by 20,000 barrels per day to 1.46 million bpd. The EIA also cut its forecast for 2019 by 40,000 barrels per day to 1.45 million bpd.