OPEC expects a collapse in global oil demand during the year 2020 due to the global economic paralysis caused by the Corona pandemic.
According to Arabia Net, the organization spoke of a historical, severe, severe and global shock in the market.
In its monthly report, the organization expected that global consumption will reach 92.82 million barrels per day this year, recording an unprecedented decrease of 6.85 barrels per day compared to 2019. She explained that the downside risks to oil demand are expected to remain significant, and indicate the possibility of further adjustments. p>
OPEC has indicated that the contraction of oil demand in the second quarter of 2020 will reach about 12 million barrels per day, and that demand in April will shrink by about 20 million barrels per day.
