2021, in conjunction with the increase in Corona infections and the re-application of lockdown restrictions, which limits movement. It expected global demand for crude oil to grow this year by 0.3 million barrels per day to 5.5 million barrels per day, amid expectations that it will record 96.6 million barrels per day.
The agency indicated in a statement on its website that the demand for crude collapsed by 8.8 million barrels per day in 2020.
The report indicated that the growth in global demand for crude is expected to slow marginally during the first quarter of this year, in the wake of tighter government plans to impose restrictions on travel; Therefore, the Agency reduced its forecast for oil demand growth by 0.6 million barrels per day to 94.1 million barrels per day in the first three months of 2021.
Nevertheless, the Energy Agency confirmed that the start of vaccine vaccinations sets the basics for a stronger path for the current year in terms of both supply and demand for crude Growth levels have resumed after collapsing last year.