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EIA expects global oil production to rise

EIA expects global oil production to rise
# 09 February 2022 10:43 (UTC +04:00)

Global petroleum supply are expected to rise to 101.39 million barrels a day this year, APA-Economics reports citing Energy Information Administration report.

That’s an upward revision from last month’s forecast of 101.05 million.

The EIA expects global production will rise further to 103.47 million barrels a day in 2023.

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