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INTERNATIONAL HIGHLIGHTS

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World oil markets are beginning to rebound from the de-mand shock triggered by COVID-19 but still face a high degree of uncertainty that is testing the in-dustry like never before,according to a new International Energy Agency(IEA)report.The forecast for global oil demand is lower,and it could peak earlier than previously thought if govern-ments turn more to clean energy policies and pandemic-based behavioral changes become deeply rooted.But in the re-port's base case,which reflects current policy settings,oil demand is set to rise to 104 million barrels a day by 2026,up 4% from 2019 levels.
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