CNBC | Oil plummets more than 2% as energy watchdog cuts demand forecast and US crude output rises CNBC The Paris-based IEA cut its oil demand growth forecast by 100,000 barrels per day (bpd) for this year and next, to an estimated 1.5 million bpd in 2017 and 1.3 million bpd in 2018. The IEA said warmer temperatures could reduce consumption, while ... US to Dominate Oil Markets After Biggest Boom in World History Global oil demand to withstand rise of electric vehicles: IEA The US Is on the Threshold of the Biggest Oil and Gas Boom Ever |