Oil Demand Recovery May Take a Couple of Years, IEA Says
- Fuel use seen rising by 5.7 million barrels a day next year
- Demand will remain 2.4 million barrels a day below 2019 levels
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Global oil demand will rebound next year as the world emerges from the coronavirus pandemic, but recovering to pre-crisis levels may take a couple of years, the International Energy Agency said.
Fuel use around the world will remain 2.5% lower next year than in 2019, largely because of the “the dire situation of the aviation sector,” the Paris-based agency said in its first detailed assessment of 2021.