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Oil Price Forecast: Crude Technical Outlook Mired by RSI Sell Signal

Oil demand to bounce back this year, says report | Hellenic Shipping News Worldwide

Oil demand to bounce back this year, says report The Covid pandemic led to oil demand contracting by 9-10 million barrels per day in 2020, but it is expected to rebound by 5-6 million barrels per day this year, a major symposium heard. The pandemic has also led to a downward revision in long-term annual economic growth by as much as 0.8 percentage points in some outlooks, a high-level report noted. The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (Opec) hosted the 11th IEA-IEF-Opec Symposium on Energy Outlooks to examine the impact of the Covid-19 pandemic on global energy markets and the outlook for global energy security and market stability.

IEA-IEF-OPEC Symposium on Energy Outlooks discusses global energy security and market stability

(MENAFN - Emirates News Agency (WAM)) RIYADH, 17th February, 2021 (WAM) The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) today hosted the 11th IEA-IEF-OPEC Symposium on Energy Outlooks to examine the impact of the COVID-19 pandemic on global energy markets and the outlook for global energy security and market stability. Hosted by the IEF, the symposium reviewed the IEA s and OPEC s short-, medium- and longterm outlooks, which are analysed in the newly released IEF-RFF Outlooks Comparison Report. Produced by the IEF and Resources For the Future (RFF), the report highlights a reset in energy outlooks after the biggest demand shock in history last year.

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