Joyena Binte Monsur

IEA or International Energy Agency is an international intergovernmental organisation established to maintain the stability of the international oil supply but the mission expanded to emphasize the promotion of renewable energy sources. According to IEA though it may look like the new variant of coronavirus omicron may slow down the recovery of oil demand but that's not the case here. It increased the sale of oil. The recovery may be temporarily slow but not enough to badly affect the sale. Because of the counter measure, the spread of omicron is not like the previous variations. According to the IEA, oil demand may return to pre-pandemic conditions soon based on the plan of increasing production by the Organization of Petroleum Exporting Countries (OPEC) . It is also hoped that in next month the supply will rise because their annual pump would be highest ever. It can be said that in2022 oil supply will change for the better.