Short-term crude outlook from the EIA
The EIA raised its forecast for 2016 demand growth by 270K bpd and now sees a 1.43mbpd year-over-year increase.
For 2017, they see an additional 210kbpd of demand, with demand up 1.54 mbpd y/y. The EIA says upward revisions in Chinese and Indian demand are responsible for the forecast change.
