Oil demand to drop by almost one-million bpd in first quarter, EIA says
Oil prices plunged by the most in nearly three decades on Monday as top producers Saudi Arabia and Russia began a price war
11 March 2020 - 16:35
New York — Global oil demand is expected to dive by 910,000 barrels per day (bpd) in the first quarter, the US Energy Information Administration (EIA) said on Wednesday, as the rapid spread of the novel coronavirus slams economic activity and travel, raising the spectre of a global recession.
Oil prices plunged by the most in nearly three decades on Monday as top producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply, even as demand has slid...
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