Oil gives up weekly gains on doubt about demand recovery
The International Energy Agency and Opec have cut their 2020 oil demand forecasts this week, while Opec+ is due to lift output later in August
14 August 2020 - 10:54
London — Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply.
Two prominent forecasters, the International Energy Agency and Opec, trimmed their 2020 oil demand forecasts this week. Opec and its allies are increasing output in August...
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