Anisuzzaman Onirudho

The arrival of Omicron virus at the end of November have affected strongly in sell-off oil. IEA observed that increase in new Covid-19 cases is likely to temporarily slow down, but also increase the oil demand soon. Measures are put in places to stop the spread of virus that are expected to have more reduced effect on the economy than earlier Covid outbreaks. The IEA report gathers information of oil-consuming countries and provides advice to governments.