The International Energy Agency (IEA) has lowered its forecast for global oil demand in 2021 by 100 thousand b / d, to 5.4 million b/d.
Global demand this year will reach 96.4 million b / d, restoring about 60% of the volume lost as a result of the pandemic in 2020, the agency writes in its report, INTERFAX reports.
While oil demand is expected to fall by 1 million bpd in the first quarter of 2021 compared to the fourth quarter of 2020, a favorable economic outlook underpins stronger demand in the second half of the year, the IEA said.
