Global oil demand to drop for the first time in 10 years: IEA
- Date: 16-Feb-2020
- Source: Arabian Industry
- Sector:Oil & Gas
- Country:Saudi Arabia
Global oil demand to drop for the first time in 10 years: IEA
The IEA cut its 2020 growth forecast by 365,000 bpd down to 825,000 bpd, which is the lowest since 2011.. In its Oil Market Report for February, the IEA noted that the impact of coronavirus on global oil demand would be "significant.".
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