Oil Markets Unlikely to Get Vaccine Boost Until 2021 – IEA

  • November 15, 2020 12:55 AM AEDT
  • Team Kalkine

 

Gold MTF non-AMP

The International Energy Agency (IEA) estimates the global oil demand to unlikely to get a boost from the COVID-19 vaccine development until 2021.

  • The Paris-based organisation suggested in its monthly report that it is far too early to know how and when vaccines would allow the normal life to resume.
  • The organisation revised its global oil demand outlook for 2020 by 400,000 barrels per day against the previous estimates.

 


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