Damage to global oil demand would be limited from quick lockdown recovery: IEA

摘要

London—Global oil demand could fall much less than expected in 2020 as a result of the coronavirus pandemic if lockdowns ease quickly and the world rebounds from the worse hit to energy demand since World War II, the International Energy Agency said. A reduced lockdown period and a strong economic recovery in the second half of 2020 could limit the annual decline in oil demand to 6.5 million b/d, or 6%, from 2019 levels, the IEA said, 30% below its central forecast of 9.3 million b/d for the year.