IEA: COVID-19 vaccine ‘unlikely to ride to the rescue’ of oil market for some time

The International Energy Agency says it is far too early to know how and when vaccines will allow normal life to resume noting that its forecasts do not anticipate a significant impact in the first half of 2021. The energy agency says it now expects world oil demand to contract by 8.8 million barrels per day. Uchenna Minnis, Managing Partner at WST Markets joins CNBC Africa for more.

Thu, 12 Nov 2020 12:02:00 GMT
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