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IEA raises 2020 oil demand forecast but warns Covid-19 clouds outlook

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The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a smaller-than-expected second-quarter decline.

[LONDON] The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of Covid-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month,...

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