New travel restrictions driven by a rise in COVID-19 infections is poised to slow the recovery in global oil demand, according to a new report from the International Energy Agency (IEA), which dropped its oil demand forecast by 100,000 barrels per day for the remainder of 2021 and all of 2022, mostly due to reduced jet fuel use. The IEA said in its monthly oil market report that it expects the global oil demand recovery to slow its pace this year and the next, rising by 5.4 million barrels per day in 2021 and 3.3 million barrels per day in 2022, rebounding to pre-pandemic levels next year at 99.5 million barrels per day. “The surge in new COVID-19 cases is expected to temporarily slow, but not upend, the recovery in oil demand that is underway,” IEA said in a statement. The agency expects road transport fuels and petrochemical feedstocks to …