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The coronavirus pandemic is weighing heavily on demand for oil as the aviation and transport sectors, in particular, struggle with the fallout from the lockdowns aimed at reining in the disease, the International Energy Agency has said.
“The Covid-19 pandemic has cast a long shadow over oil demand, which we now expect to fall by 8.1 million barrels per day year-on-year in 2020,” the IEA wrote in its latest monthly report.
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