Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)


OPEC Slashes 2020 Oil Demand Estimates Again as COVID Persists

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Thursday,September 17,2020

OPEC has cut its oil demand expectations for 2020 again due to the ongoing COVID-19 pandemic.

The organization estimates that oil consumption will settle around 90.2 million BOPD for the year. This is a decrease of 400,000 BOPD from its August update.

Additionally, it's a decrease of 10% (or 9.5 million BOPD) compared to 2019's demand average.

Related Categories :

Forecast - OIl Demand   

More    Forecast - OIl Demand News

International News >>>

United States News >>>