Opec Sees Minimal Oil Demand Growth in 2020

摘要

Opec's latest Monthly Oil Market Report shows almost no growth in global oil demand in 2020, with Opec forecasters lowering their demand growth estimate from 990,000 barrels per day in last month's report to reflect the consequences of the coronavirus epidemic (OD Feb.13’20). As Saudi Arabia prepares to flood the market with oil after the collapse of “Opec-plus” talks on production cuts last week, Opec forecasters have shed some of their previous optimism (OD Mar.11’20).