Slow Recovery Ahead for Global Oil Demand as Pandemic Drags On

But the IEA said oil demand in China has already posted year-on-year increases as the country's economy returns to growth.

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However, China has recently cut back on oil imports, which were helping support global markets, while OPEC nations and their allies have begun to increase production following temporary additional cuts.

"In last month’s Report, we said that the market was in a state of 'delicate re-balancing'. One month later, the outlook appears even more fragile," said the IEA. 

(Writer & Editor: RL/JXB, Agence France-Presse)

Source: http://u.afp.com/3apC