IEA Anticipates the Global Oil Demand to Take a Hit From European Lockdowns

  • November 10, 2020 06:03 PM AEDT
  • Team Kalkine

International Energy Agency (IEA) anticipates the renewed lockdown measures across Europe aimed at containing the COVID-19 infection to dent the oil demand.

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  • However, IEA expects the impact to be less severe as compared to the impact left by previous lockdowns.
  • At present, the energy agency has kept its 2020 and 2021 demand forecast steady ahead of recent lockdown imposed by Germany, France, and the United Kingdom.

 

 


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