IEA sees record 2020 oil demand fall due to coronavirus

IEA sees record 2020 oil demand fall due to coronavirus

For 2020 overall, demand will fall by 9.3 million barrels per day because of the coronavirus outbreak, according to the International Energy Agency.. PARIS: Global oil demand will fall by a record amount this year as lockdown measures introduced to curb the coronavirus outbreak bring the economy to a virtual halt, the International Energy Agency (IEA) said Wednesday.. Measures taken to bolster the global economy and to reduce oil supply should allow a "gradual" recovery in the second half of the year, it said.. Parties to the new loan deal included private equity firms Silver Lake, Apollo Global Management, Sixth Street Partners, Oaktree Capital Management and Owl Rock, several sources with knowledge of the discussions told Reuters.. Silver Lake, one of the two investors in the debt deal days ago, is "one of the biggest players" in this new deal, said one of the sources.. Last week's $1 billion bond deal with Silver Lake and Sixth Street included warrants for the two private equity firms that can be exercised at an $18 billion valuation..