Oil market rebalancing to make ‘slow progress’ on weak fundamentals, says IEA

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The International Energy Agency has trimmed its oil demand estimate for 2020 on the resurgence of coronavirus in Europe and the US and said it does not expect a “significant boost in oil demand” from a vaccine until at least the second half of 2021. The IEA in its latest monthly oil market report...

https://www.hellenicshippingnews.com/oil-market-rebalancing-to-make-slow-progress-on-weak-fundamentals-says-iea/

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