Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen
The decline is equivalent to losing the entire energy demand of India, the world's third-largest energy consumer
We may see it was the worst year in the history of global markets, said Fatih Birol, head of the IEA
Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.
The IEA, however, forecasts India's refining capacity to rise to 5.7 million bpd by 2024
Extracting and transporting natural gas notably results in significant emissions of methane, a greenhouse gas 30 times more potent than CO2.
The signatories said they wanted the IEA to produce what they would consider a "fully transparent" scenario showing how the world could meet the most ambitious Paris accord goals.
The IEA expects there will be 330 million electric cars on the road by 2040
The IEA said that under its Sustainable Development Scenario, global CO2 emissions would fall two thirds from 2018 by 2050, with net zero achieved in 2070.
Flows into the sector expand by 12% in calendar 2018 alone, India is outlier since energy sector investments elsewhere have either stagnated or decelerated
From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008
Fatih Birol, executive director of IEA, talks about the possible impact of rising geo-political tensions in West Asia on the global energy market and the need for India to provide energy accessibility
With energy supply spending of $315 bn, China was once again the world's largest energy investor, says International Energy Agency