Friday, January 10, 2025
IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook- oil and gas 360

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

Reuters LONDON – The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a smaller-than-expected second-quarter decline. “While the oil market