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 Vaccine yet to inoculate oil demand

THE International Energy Agency (IEA) has cut its oil demand outlook again in its latest monthly report despite forecasting an overall uptick in demand through 2021 and sees prices remaining relatively high or rising. 

 Vaccine yet to inoculate oil demand  Vaccine yet to inoculate oil demand  Vaccine yet to inoculate oil demand  Vaccine yet to inoculate oil demand  Vaccine yet to inoculate oil demand

Drawdowns gathering pace

"Despite rising Covid cases, crude prices are well supported by financial, economic and market fundamentals," it said.
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