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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (86967)	6/16/2020 7:57:35 AM
From: Goose94	Read Replies (1) of 203362

Crude Oil: The Int'l Energy Agency is pointing the finger at a hobbled global airline industry as a primary factor in its latest forecast of prolonged weak oil demand. “The 2.4 million barrel/day gap [in demand] between 2021 and 2019 is largely explained by the dire situation of the aviation sector,” the IEA wrote in its monthly oil market report. “The industry will continue to be a drag on oil demand through 2021”. Overall, the IEA is now expecting oil demand to fall by a record 8.1 million bpd this year, which is an improvement from the 8.6 million bpd predicted in May. BNN.ca

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