Oil demand to shrink for first time in a decade on virus hit

摘要

London-Global oil demand will contract for the first time in a decade during the first quarter of 2020, the International Energy Agency said Thursday, as the escalating coronavirus outbreak slams the brakes on China's oil-hungry economy. As the death toll from the Covid-19 coronavirus continues to rise sharply in China, the IEA cut its 2020 oil demand growth forecast by 365,000 b/d to 825,000 b/d, the lowest since 2011.