LONDON, May 12 (Reuters) - Progress in vaccinating the world
against COVID-19 means the world's economic recovery and demand
for oil will outpace the output of top producers, the
International Energy Agency (IEA) said on Wednesday
"The anticipated supply growth through the rest of this year
comes nowhere close to matching our forecast for significantly
stronger demand beyond the second quarter," the IEA said in its
monthly report, citing increased pumping from OPEC+ countries.
"But India's COVID crisis is a reminder that the outlook for
oil demand is mired in uncertainty. Until the pandemic is
brought under control, market volatility is likely to
persist."