Omicron Travel Restrictions Poised to Dent Oil Demand: IEA

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New travel restrictions driven by a rise in COVID-19 infections is poised to slow the recovery in global oil demand, according to a new report from the International Energy Agency (IEA), which dropped its oil demand forecast by 100,000 barrels per day for the remainder of 2021 and all of 2022, mostly due to reduced jet fuel use.

The IEA said in its monthly oil…

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