World Oil Demand Forecast "Until next year, we will not recover to the level before the outbreak" June 17, 6:44
Regarding the world's demand for oil, which has been declining due to the new coronavirus, the International Energy Agency (IEA) announced that it will not recover to the level before the spread of infection by next year due to the continued slump in aircraft. Did.
According to the IEA's forecast for global oil demand released on the 16th, this year's economic activity will be stagnant, resulting in a slowdown of 8.1 million barrels per day, or about 8% in terms of rate, compared to last year. .
We have revised upwards by 500,000 barrels from the forecast last month, but it is expected to be the largest decline ever.
On the other hand, next year, although it will increase significantly by 5.7 million barrels this year, it is still 2.4 million barrels, 2% less than last year, and it will not recover to the level before infection spread.
This is because the aviation industry, which is expected to have a long decline in passengers, is expected to continue to have weak fuel demand.
Major oil-producing countries have continued large-scale production cuts to maintain prices due to the drop in oil demand, and the international market is stable, but demand will increase further if a second wave of infection occurs. The IEA commented, "It should not be underestimated that the future is extremely uncertain," as it may fall.