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Rystad Energy, Norway's largest independent energy consultancy, said on Wednesday that global oil demand could fall by as much as 4.
9 million barrels per day (bpd), or about 4.
9 percent
, due to the coronavirus outbreak in 2020.
The consultancy forecast last week that oil demand would fall by 2.
8 million barrels
per day in 2020.
Oil demand is expected to fall by 16 million b/d
in April compared to the same period last year, Rystad said.
Rystad forecasts jet fuel demand to fall 20% year-on-year, or 1.
4 million b/d, while air transport volumes are expected to fall 8%.
Demand for motor fuels will fall 5.
6 percent year-on-year, or 2.
8 million b/d
, the company said.
Rystad Energy, Norway's largest independent energy consultancy, said on Wednesday that global oil demand could fall by as much as 4.
9 million barrels per day (bpd), or about 4.
9 percent
, due to the coronavirus outbreak in 2020.
The consultancy forecast last week that oil demand would fall by 2.
8 million barrels
per day in 2020.
Oil demand is expected to fall by 16 million b/d
in April compared to the same period last year, Rystad said.
Rystad forecasts jet fuel demand to fall 20% year-on-year, or 1.
4 million b/d, while air transport volumes are expected to fall 8%.
Demand for motor fuels will fall 5.
6 percent year-on-year, or 2.
8 million b/d
, the company said.
