Oil Demand To Drop 8m Barrels As Air Travel Dips
The International Energy Agency, IEA, has warned that demand for oil will plummet by 8.1 million barrels per day (bpd) in 2020 due to reduced air travel occasioned by the Coronavirus (COVID-19) pandemic. This is...
IMF Lowers 2020 Oil Demand By 8% Amid High Uncertainties
The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report.
This year, oil prices will be...
