Global Oil Demand Has Yet to Peak, Energy Watchdog Predicts
- International Energy Agency sees oil consumption rebounding
- IEA’s Fatih Birol urges governments to spend on green energy
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Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions.
“In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back to where it was, and beyond,” Fatih Birol said in an interview.