“The COVID-19 outbreak had a significant negative impact on forecasts for global economic growth and oil demand in 2020, especially in the first and second quarters. We expect that global oil demand growth in 2020 will amount to 0.48 million barrels per day, compared with an estimate of 1.1 million barrels per day in December 2019, ”the organization said.
They clarified that the unprecedented situation and the ever-changing dynamics of the market pose risks of a further decline in demand.
Earlier, a leading expert of the National Energy Security Fund Igor Yushkov, in an interview with the NSN, commented on the decline in oil prices due to the coronavirus.