A Long Way Back

August 21, 2020

Oil demand recovery not expected until 2022

Last week, the three main oil market analysis agencies (International Energy Agency (IEA), OPEC and the US Energy Information Administration (EIA)), published their short-term oil market forecasts for 2020 and 2021.  This week we will take a look at their outlook for oil demand recovery, after Covid-19 devastated demand in Q2, and what this might mean for the tanker markets.

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