This year’s oil demand ‘appreciably downgraded’ due to impact of delta variant, says IEA


The rapidly-spreading coronavirus Delta variant and its impact on the global economy mean the world will consume less oil
CL00,
-0.01%

BRN00,
+0.08%
this year than previously thought, the International Energy Agency said Thursday.

In its closely-watched monthly market report, the Paris-based organization said that the worsening of the pandemic, as well as revisions to historical data, mean its global oil demand outlook has been “appreciably downgraded,” with some of this year’s forecast recovery shifted to 2022.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Chat
Loading the chat ...