An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. — Reuters pic
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 6.9 million barrels per day, or 6.9 per cent, in 2020, it said in a monthly report. Last month, Opec expected a small increase in demand of 60,000 bpd. “Downward risks remain significant, suggesting the possibility of further adjustments, especially in the second quarter,” Opec said of the demand forecast.
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Opec cuts oil demand forecast again as market faces 'historic shock'Fuel producer cartel expects global demand to contract by 6.9 million barrels per day, or 6.9%. FMTNews Opec Oil
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Opec cuts oil demand forecast again as market faces 'historic shock'Fuel producer cartel expects global demand to contract by 6.9 million barrels per day, or 6.9%. FMTNews Opec Oil
مصدر: fmtoday - 🏆 5. / 72 اقرأ أكثر »
Oil market falls too big to offset with output cuts | Malay MailLONDON, April 15 —The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market. Benchmark Brent crude...
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