Oil markets face uncertain future after rebound from historic Covid-19 shock - Energize Media
Oil markets face uncertain future after rebound from historic Covid-19 shock - Energize Media Skip to content Oil markets face uncertain future after rebound from historic Covid-19 shock Energize Editors March 17, 2021 World oil markets have rebounded from the massive demand shock triggered by Covid-19 but still face a high degree of uncertainty that is testing the industry as never before, according to a new IEA report . The forecast for global oil demand has shifted lower, and demand could peak earlier than previously thought if a rising focus by governments on clean energy turns into stronger policies and behavioural changes induced by the pandemic become deeply rooted, according to Oil 2021 , the IEAs latest annual medium-term market report.