The COVID-19 Pandemic Has Upended Global Energy Investment Trends ...Middle East

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The COVID-19 Pandemic Has Upended Global Energy Investment Trends
source : OILPRICE ( Middle East ) () 30
The pandemic has not broken but intensified global energy trends that emerged on the eve of COVID-19, whether it be the collapse of coal-fired power generation, the growing surplus of oil production, or the booming interest in renewables The further 2020 goes into history, the clearer the extent of last year's collapse in fossil fuel demand becomes. According to the Energy Information Administration (EIA), in 2020, global crude oil demand decreased by 9%, to 92.2 million barrels per day (bpd) – the level at which it was in 2013 (92.3 million…

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