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Add to Bookmarks IEA & OPEC Upgrade Oil Forecasts The International Energy Agency (IEA) predicts that energy demand will grow by 4.6 percent in 2021 as economies across the globe recover from the COVID pandemic. The agency noted that this growth in demand would more than make up for the 4-percent contraction in global energy demand last year. The majority of the anticipated energy demand growth – some 70 percent – will come from Asia. When it comes to oil, the agency expects that oil demand will rise by 6.2 percent from last year. Still, it will remain some 3 percent below levels last seen in 2019. Oil demand for road transportation is set to rebound by the end of 2021, but oil demand for air travel will remain 20 percent lower than 2019 levels until the end of 2022.

Rising oilMonetary policyInternational energy agencyOrganization of the petroleum exporting countriesIndia ministry of petroleumPetroleum exporting countriesஉயரும் எண்ணெய்பண பாலிஸீஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்இந்தியா அமைச்சகம் ஆஃப் பெட்ரோலியம்பெட்ரோலியம் ஏற்றுமதி நாடுகள்