Get News Fast
Supporting the oppressed and war-torn people of Gaza and Lebanon

International Energy Agency: The oil market moves toward a shortage of supply

The International Energy Agency did not change its forecast of global oil demand growth in year 2 and predicted that the market would move towards a shortage of supply.

reports Mehr News Agency Reuters reports on the prospect of global oil demand: The International Energy Agency did not change its forecast about world oil demand in the year 6, but referring to China’s impact, its estimation for this year Reduced.

The energy institution announced that the end of China’s economic mutation after the spread of the virus Corona restricts global oil demand, but advanced economies, especially the US, consumes one -third of the world’s gasoline, have offset demand shortages.

International Energy Agency, pointing out that the US summer driving season will be the most consumed season since the Corona virus epidemic, announced the decline in supply by the Oil Exporting Countries (OPEC) and its allies (OPEC) (OPEC) (OPEC) (OPEC) (OPEC) OPCPLS) has limited the supply of oil in the physical market.

The energy monitoring agency also said in its monthly oil report: Oil supply is now trying to maintain its speed in summer demand, leading to a shortage of market. Supply leads.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars Safe investment in the Islamic Republic of Iran

Leave a Reply

Your email address will not be published. Required fields are marked *

twenty + 4 =

Back to top button