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Thursday, 16 April 2020 13:40

IEA predicts 'worst year in the history' of oil sector

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The International Energy Agency (IEA) stated on Wednesday that the coronavirus outbreak will slash global oil demand in 2020 to erase a decade of growth and set up "the worst year in the history" of the sector. As quoted by AFP.com ( 15/4) demand is projected to plummet by a record 9.3 million barrels per day (mbd) for the year as a whole, with 29 mbd in the month of April, and 26 mbd in May -- "staggering numbers . International Energy Agency (IEA) on  Wednesday  believes in a few years' time, when you look at 2020 the people  may well see that it was the worst year in the history of global oil markets//AFP

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