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Vaccine will not hit oil demand yet: IEA

OIL demand is unlikely to recover this year as second waves of the COVID-19 pandemic bring lockdowns and uncertainty continues, despite a brief price rally this week after Pfizer announced headway with a vaccine that might be 90% effective.

Helen Clark

Vaccine will not hit oil demand yet: IEA

The International Energy Agency has revised down its forecast by 400,000 barrels per day for the third quarter of 2020, 1.2 million bopd for the fourth quarter and 700,000bopd for the first quarter of...

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