PARIS: The global coronavirus pandemic is weighing heavily on worldwide demand for oil as the aviation and transport sectors, in particular, ...
PARIS: The global coronavirus pandemic is weighing heavily on worldwide demand for oil as the aviation and transport sectors, in particular, struggle with the fallout from the lockdowns aimed at reining in the disease, the International Energy Agency said Thursday .
It said it expected demand to recover somewhat next year to 97.1 million barrels per day, though this would still be down on its previous forecast. Road transport was being impacted"as people avoid non-essential trips and working from home remains the norm in much of the West", the report said. That meant that the outlook for jet fuel demand"has worsened in recent weeks as the coronavirus has spread more widely", the IEA said.
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