The International Energy Agency has trimmed its oil demand estimate for 2020 on the resurgence of coronavirus in Europe and the US and said it does not expect a “significant boost in oil demand” from a vaccine until at least the second half of 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The IEA in its latest monthly oil market report published Nov. 12 said the task of re-balancing the oil market will make “slow progress” as fundamentals remain weak due to the poor outlook for demand and rising production in some countries. The IEA now expects oil demand to plunge by 8.8 million b/d in 2020, a downward revision of 400,000 b/d from […]