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Rainer Seele

Rainer Seele latest

OPEC Cuts 2020 Oil Demand Outlook Again, Sees Steepest Decline This Quarter
May 14th, 2020 - 11:00 GMT

OPEC Cuts 2020 Oil Demand Outlook Again, Sees Steepest Decline This Quarter

OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline even as some countries ease lockdown measures designed to stem the coronavirus outbreak. The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day (bpd), or 9.1 percent, in 2020, it said in a monthly report. Last month, OPEC expected a ...
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