May 6, 2021

Info IEC

Business & Finance Information

Day: April 14, 2021

A yr after the pandemic and a value battle sparked one of many weakest months in historical past for oil costs, the worldwide power market is nicely on its solution to restoration, the Worldwide Vitality Company mentioned Wednesday.

In its month-to-month report, the IEA raised its annual forecast for world oil demand in 2021 by 230,000 barrels a day to a rise of 5.7 million barrels a day. Earlier within the week, the Group of the Petroleum Exporting Nations elevated its 2021 demand forecast by 100,000 barrels a day.

Whereas the Paris-based group’s forecast restoration will nonetheless go away demand

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