Energy crisis could hinder economic recovery

Index
    Economic crisis
    Economic crisis

    The International Energy Agency (IEA) said it is considering the possibility of a global energy crisis, which will further increase inflation and impede a rapid economic recovery. Experts also expect that the onset of the crisis will increase oil demand by 500,000 barrels per day due to high prices for coal and gas and power outages due to shortages.

    The IEA predicts that oil demand will outpace supply until at least the end of 2021, as OPEC + plans to produce 700,000 barrels per day below expected demand.

    See also  US Treasury Secretary Predicts Improving Economic Situation in Q3 and Q4 2020

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.