EnergyWatch

Shocking dive in global oil demand

Oil demand stands to be decimated in the coming months due to border closures and an idle majority of global air traffic.

Photo: ESSAM AL-SUDANI/REUTERS / X03713

Global oil demand stands to plummet 10 million barrels per day as a direct result of the coronavirus pandemic.

75 percent of the world's air traffic is grounded, just as transportation in many countries is marked by major reductions due to border closures and authorities urging personnel to work from home to the greatest possible extent.

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