Oil: IEA bets on global market recovery

Even with the covid-19 pandemic, which has lasted more than a year, the global oil market is on the road to recovery, says the IEA (International Energy Agency).

Despite the slow advance in vaccination against the disease, which directly interferes with the market and production, the Agency raised its projection of a rise in global oil consumption this year by 230,000 barrels per day (bpd), to 5.7 million bpd. The information is contained in the monthly report published this week by the IEA.

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