Crude oil prices soar despite projected decrease in oil demand in 2021

The International Energy Agency (IEA) slashed its global oil demand outlook for 2021, as a result of a resurgence in coronavirus infections and reiterated lockdown measures. Fundamental analysis: Slashed global demand outlook According to the updated outlook, the agency expects global oil demand to increase by 5.5 million barrels per day to 96.6 million this […]