iea

Global Oil Demand Set to Fall for First Time Since 2020

The International Energy Agency (hereinafter: IEA) has projected that global oil demand will record its first annual decline since 2020, when the COVID-19 pandemic suppressed consumption worldwide. The forecast, published in the IEA’s latest monthly oil market report and elaborated upon by IEA Director General Fatih Birol in an exclusive interview, marks a significant shift...