Coronavirus

IEA cuts global oil demand forecast on Covid-19 resurgence

But positive signals expected in second half of year as global vaccinations step up

Lower than expected: the IEA, led by executive director Fatih Birol, has cut its previous forecasts of global oil demand growth for this year
Lower than expected: the IEA, led by executive director Fatih Birol, has cut its previous forecasts of global oil demand growth for this yearPhoto: ERIC PIERMONT
  • Rob Watts
London
IEAInternational Energy AgencyOpecRussiaAfrica
Published 19 January 2021, 12:56Updated 19 January 2021, 12:56