The OPEC oil cartel on Wednesday reduced its prediction for growth in global oil demand this year by almost a fifth on the outbreak of this new coronavirus in China. 99 million barrels every day (mbd) this season, which will be down from 1. ) 22 mbd in its prediction last month.
“The outbreak of this Coronavirus in China during the first half 2020 is that the significant factor for the downward revision,” OPEC said.
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