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IEA says global oil demand could drop 20% as 3 billion people in lockdown (Reuters)
IEA says global oil demand could drop 20% as 3 billion people in lockdown (Reuters)
Last Modified: 04:39 PM, Thu Mar 26, 2020
26 March 2020
LONDON (Reuters) - Global oil demand could drop as much as 20 million barrels per day or 20% of total demand as 3 billion people are currently in a lockdown because of the coronavirus outbreak, the head of the International Energy Agency said.
Fatih Birol told a conference call that the IEA, which coordinates energy policies of industrialized nations, would give a clearer outlook and timeframe in two weeks time.
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Creditline: Reuters
Slugline: GLOBAL-OIL/IEA (URGENT)
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