Wednesday, November 20, 2024
Rystatd Energy - oilandgas360

Coronavirus to more than halve forecast for oil demand growth this year – Rystad Energy

Reuters OSLO  – The coronavirus outbreak will cut growth in global oil demand by more than half this year compared to earlier forecasts, Norway’s biggest independent energy consultancy Rystad Energy predicted on Thursday. Oslo-based Rystad now predicts global oil demand will grow by 500,000 barrels per day (bpd) in 2020, down from a February forecast of 820,000 barrels per day