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IEA revises down 2020 oil demand forecast on high COVID-19 cases.

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    • Abstract:
      The article focuses on August oil market report the International Energy Agency (IEA) revises down 2020 oil demand forecast on high COVID-19 cases. Topics inlcude the downgrade reflects the stalling of mobility as the number of COVID-19 cases remains high, ongoing uncertainty around demand has caused by COVID-19, and the possibility of higher output means that the oil market's re-balancing remains delicate.