The International Energy Agency cuts its forecast on oil demand due to the downturn in the transport sector

Paris-AlSHARQIYA   August  13 : The International Energy Agency lowered its forecast for international oil demand for 2020 and 2021 due to the continuous decline of the transport sector, especially aviation, in addition to the health crisis.
It is expected that demand for oil will decline this year to 91.9 million barrels per day, or 140 thousand barrels per day, less than expected, before returning to increase to 97.1 million barrels per day next year, which is 240 thousand barrels less.
The agency said in its monthly report on oil that "air and land transport, the two main components of oil consumption, still face difficulties."


A pile of weapons containing various kinds of explosive devices exploded at Spyker base north of Tikrit

A fire broke out in Al-Maghayiz market in Al-Ashar district, central Basra governorate

The President of the Kurdistan Regional Government, Masrour Barzani, expressed his optimism that a final agreement would be reached with the federal government