Global oil demand is expected to fall in the first three months of the year—the first quarterly drop in more than a decade—according to a closely watched forecast
LONDON— from the International Energy Agency, which blamed a likely economic slowdown in China related to the novel coronavirus outbreak there.
The IEA also slashed its oil demand growth forecast for 2020 by 365,000 barrels a day, a cut of 30% to its previous forecast made in January. The IEA warned of a drop in oil demand this quarter of 435,000 barrels a day, compared...
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