Categories: Markets

Oil rises: Demand may not recover until 2025, according to IEA – After recording drops on Monday due to the resumption of production in the Gulf of Mexico and the end of strikes in Norway, WTI crude rose this Tuesday to recover $ 40 a barrel, as did the Brent , at $ 42.

All this, on the day that the International Energy Agency (IEA) estimates that global energy demand will fall by 5% in 2020, that energy-related CO2 emissions will fall by 7% and that investment in energy drop 18%.

In its central scenario, having a COVID-19 vaccine and therapeutic treatments could mean that the world economy recovers in 2021 and energy demand will do so by 2023, but in a slow recovery scenario, demand would not reach levels prior to the crisis until 2025, Reuters reports .