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Woodside (ASX:WPL) share price on watch after latest oil market forecasts – The Motley Fool Australia
The Woodside Petroleum Ltd (ASX: WPL) share price was under pressure last week as OPEC and the IEA released their latest market forecasts.
The Woodside Petroleum Limited (ASX: WPL) share price edged lower last week as the International Energy Agency (IEA) provided an update on its 2021 forecasts.
Why is the Woodside share price under pressure?
The IEA cut global oil consumption estimates for 2021 as the coronavirus pandemic continues. The leading energy body cut demand forecasts by 200,000 barrels per day due to limited travel and economic activity.
The Woodside share price fell 2.0% lower last week despite the IEA noting more robust…
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