Global oil demand is on pace to fall by a record amount this year due to the pandemic, but will rebound to its largest increase ever in 2021, the International Energy Agency projected Tuesday.
World oil consumption will drop by 8.1 million barrels per day in 2020 to 91.7 million barrels per day before recovering by 5.7 million barrels per day in 2021, the largest annual increase ever recorded.
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