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The Canadian prime minister, Justin Trudeau, is planning a snap election for 20 September to seek voter approval for the government’s costly plans to respond to the pandemic, according to sources cited by Reuters.
Trudeau is set to make the announcement on Sunday, said anonymous sources. Trudeau aides have said for months that the ruling Liberals would push for a vote before the end of 2021, two years ahead of schedule.
The world’s appetite for oil will be lower than expected this year as the ongoing spread of the coronavirus Delta variant continues to drag on global economies, according to the International Energy Agency (IEA).
The global watchdog has slashed its oil demand forecasts for the rest of this year and predicted that crude supplies may outstrip demand next year to leave a glut of unwanted oil in the market.
Growth for the second half of 2021 has been downgraded more sharply, as new Covid-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use. We now estimate that demand fell in July as the rapid spread of the Covid-19 Delta variant undermined deliveries in China, Indonesia and other parts of Asia.
Read the original article at The Guardian