 "Oil prices, Crude oil")
After a three-month slide in global oil demand due to the spread of the Delta variant of Covid-19 and pandemic restrictions, especially in Asia, vaccine rollouts are set to power a rebound, the International Energy Agency (IEA) said on Tuesday.
“Already signs are emerging of Covid cases abating with demand now expected to rebound by a sharp 1.6 million barrels per day (bpd) in October, and continuing to grow until end-year,” the IEA wrote in its monthly oil report.
The IEA forecast a robust rebound in the market from the fourth quarter of the year citing “strong pent-up demand and continued progress
Disclaimer: No Business Standard Journalist was involved in creation of this content
