Global Oil Demand Drops Even Lower for 2020

GALWAY, IRELAND--August 25, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Oil demand in 2020 is expected to fall further than previously expected by between 8 million-9 million barrels per day (BBL/d) according to separate reports from the International Energy Agency (IEA) and OPEC, the Organization of the Petroleum Exporting Countries.

Within this article: Details further oil demand decrease for 2020, key reasons, modest 2021 recovery, state of oil supply