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Although 2H20 will be slightly weaker than previously forecast, IEA’s outlook for 2020 as a whole shows a demand fall of 8.6 mb/d, 0.7 mb/d more than its previous report.
The case had made investors worried on the involvement of the government which would lower the opportunity of power plant operators to bid and invest on future projects.
The comment came after several speculations were made, indicating that there’s a higher chance of countries in Asia partnering with the U.S. to counter China under Biden.
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