IEA: Oil Markets Upended by Covid-19

Jack Burke

09 March 2020

The International Energy Agency (IEA) is predicting that global oil demand will drop in 2020 in part because of the Covid-19 outbreak.

If the forecast holds, it will mean year-over-year oil demand will drop for the first time since 2009. The latest IEA Oil Market Report forecasts that, under…

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