This revised forecast is 140,000 barrels per day lower than the IEA’s previous projection. The agency also revised down its 2021 global oil demand estimate by 240,000 barrels per day to 97.1 million barrels per day, with jet fuel demand identified as the “major source” of weakness. The report comes shortly after the world’s largest oil and gas firms reported historic losses in the ... budget 2019 gold rates forex rates prize bonds psx petrol prices news calculators Finance IEA forecast grim outlook of oil market amid COVID-19 Vaccine trials The International Energy Agency (IEA) slashed its global Oil demand forecast for the first time since October, attributing economic lull in Asia as one of the major causes for the downgrade. Key highlights: • Fuel consumption in China, Japan and Brazil disappointed in Q1. Daily Forecast. IEA Executive Director Fatih Birol told CNBC’s “Street Signs Europe” on Tuesday that a modest oil market recovery was being driven by three factors: China’s strong exit ... By Noah Browning. LONDON (Reuters) - The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. 2 mins IEA cuts 2020 global oil demand forecast; WTI slides below $41.00 mark FXStreet . The International Energy Agency (IEA) released its closely-watched monthly report this Thursday and cut its 2020 global oil demand forecast. The IEA n. Currencies (Forex) · Energy · Futures & Commodities · WTI Oil Price Fundamental Daily Forecast – IEA 2021 Demand Forecast Provides Some Hope for Bulls The IEA said the demand rise in the 2021 forecast could be the largest one-year jump every recorded.
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