OPEC on Thursday again cut its forecast for 2020 global oil demand due to the “historic shock” delivered by the coronavirus outbreak, and said the reduction may not be the last. Last month, OPEC expected a small increase in demand of 60,000 bpd. “The oil market is currently undergoing historic shock that is abrupt, extreme and at global scale,” OPEC said in the report. …read more
Source:: Yahoo Finance
