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EIA Raises Global Oil Demand Forecast Global consumption of petroleum and other liquid fuels is expected to grow at a faster rate in 2018 than previously expected, according to the U.S. Energy Information Administration (EIA). According to EIA’s mid-January forecast revision, petroleum and other liquid fuels consumption growth will average 1.7 MMb/d in 2018 and almost 1.7 MMbpd in 2019 – approximately 100,000 bpd higher than predicted in EIA’s prior forecast.  Non-OECD countries, led by India and China, will account for 1.2 MMbpd and 1.3 MMbpd of the global growth in 2018 and 2019, respectively,…

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