Oil demand to suffer first fall in a decade as coronavirus takes its toll

Oil demand to suffer first fall in a decade as coronavirus takes its toll

The coronavirus outbreak will likely cause global demand for oil to shrink for the first time in more than a decade, contracting by 435,000 barrels a day in the first quarter of 2020, the International Energy Agency said. The IEA also slashed its projection for growth in oil demand this year by 365,000 barrels a day to 825,000 barrels a day — the smallest number since 2011.

Chris
Chris
Paul C
Paul C 2 months

So the crazy climate death cultists are probably happy.

Just_Saying
Just_Saying 2 months

This is the 24 hour news cycle at work. Outside of China there will be very little economic impact. All Drama All the time.

Christopher Radic
Christopher Radic 2 months

another excuse to raise gas prices don't believe them this is b******* ..

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