Wednesday, 07 Oct 2020 10:55 AM MYT
Ambank, in its equity note today, said the pandemic will have a net negative impact on global oil demand until 2025, with an estimated 0.9 million barrels per day below pre-Covid-19 levels. “This will bring to only 3.5 million barrels per day in December 2021, eroded by demand reduction for jet fuel, gasoline, diesel and other fuels,” it said.