Aviation crisis to keep oil demand below pre-virus levels until 2022 - IEA

Published 16/06/2020, 09:00
© Reuters.

LONDON, June 16 (Reuters) - Oil demand is recovering from
the greatest fall in its history in 2020, the International
Energy Agency (IEA) said on Tuesday, but a drop in flying due to
the coronavirus means the world will not return to pre-pandemic
demand levels before 2022.
"Our first forecast for 2021 as a whole shows demand growing
by 5.7 million barrels per day (bpd), which, at 97.4 million
bpd, will be 2.4 million bpd below the 2019 level," the IEA said
in its monthly report.
"Reduced jet and kerosene deliveries will impact total oil
demand until at least 2022 ... the aviation industry is facing
an existential crisis", the Paris-based IEA said.




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