INTERNATIONAL HIGHLIGHTS

摘要

In the International Energy Agency's latest"Oil Market Report,"global oil demand for 2020 is expected to fall by 8.1 MMbbl/d,the biggest one-year drop in history.The report also says that there will be a rebound in demand of 5.7 MMbbl/d in 2021.Increased demand in the March-May period provided support for the predictions,noting China's strong exit from the COVID-19 lockdown-April demand is near the levels of April 2019.A strong rebound also took place in India in May,although demand is still well below the levels seen during 2019.Data from the International Air Transport Association indicate that airline passenger traffic in 2020 will be nearly 55% lower than in 2019 and traffic will be slow through 2021.