Rising COVID-19 cases, partial lockdowns add uncertainty to oil demand forecast

International Energy Association (IEA) increased its global oil demand outlook for 2020 at an average of 92.1 million barrels per day (mb/d), an increase of 400,000 bpd from its outlook last month but down by 7.9 mb/d versus 2019. The recent increase in Covid-19 cases and the introduction of partial….


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