IEA: Oil Outlook ‘Bleak’ for 2020

Jack Burke

15 April 2020

The International Energy Agency’s (IEA)  Oil Market Report (OMR) paints a bleak picture of oil supply, demand, inventories, prices and refining activity for 2020.

The report, released April 15, expects global oil demand to fall by a record 9.3 mb/d year-on-year in 2020. The impact measures in 187 countries and…

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