Energy crisis reignites demand for oil, threatening climate targets, says IEA
by Jillian Ambrose Energy correspondent from on (#5QQ4C)
International Energy Agency warns shortage of gas and coal could trigger oil market rebound
The worldwide energy crisis has reignited demand for oil, posing a threat to the world's climate ambitions and the global economic recovery from Covid-19, according to the International Energy Agency.
The global energy watchdog said the shortage of gas and coal across the biggest economies, which has caused energy markets to rocket, could trigger a faster-than-expected rebound in the oil market and drive demand to above pre-pandemic levels as soon as next year.
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