Major Oil Agencies Downgrade Global Oil Demand Outlook amidst Coronavirus Outbreak

<p>Oil agencies revised lower forecasts for global oil demand, with the outbreak of coronavirus being the key factor. The US Energy Information Administration (EIA) estimated that world oil demand will increase +1.02% to 101.74M bpd this year and then by +1.49% to 103.26M bpd in 2021. These figures were lower than January’s projections of 102.11M […]</p>
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