IEA Oil Market Report Highlights - July 10

[dan_s]

Here is the link: https://www.iea.org/reports/oil-market-report-july-2020

IEA's 2021 oil demand forecast increased to 97.4 million bpd. They are still holding back on their demand forecast because they are fearful of COVID-19's impact on the global economy. If Big Pharma does come up with a effective vaccine, oil demand and the price of oil will spike up.

Gilead is reporting encouraging results from their drug testing: https://www.gilead.com/purpose/advancin ... h/covid-19