Coronavirus: OPEC says oil market is undergoing ‘historic shock’

  • 4/16/2020
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OPEC on Thursday again slashed its forecast for global oil demand this year due to the coronavirus outbreak and said the reduction may not be the last. The Organization of the Petroleum Exporting Countries now expects global demand to contract by 6.9 million barrels per day, or 6.9 percent, in 2020, it said in a monthly report. Last month, OPEC expected a small increase in demand of 60,000 bpd. “Downward risks remain significant, suggesting the possibility of further adjustments, especially in the second quarter,” OPEC said of the demand forecast. “The oil market is currently undergoing historic shock that is abrupt, extreme and at global scale.” Read more: Russian President Putin says important all countries stick to OPEC+ oil output cut Coronavirus: Texas oil producers clash on supply cut after historic OPEC+ deal Here is what major non-OPEC+ countries have said about the biggest oil output cut اي استفسار أو طلب خاص بخصوص التوظيف يمكنك التواصل مع الابميل التالي – مجير الموقع : alturky28@gmail.com لطلبات التصميم او البرمجة التواصل مع : hamzalaabar@gmail.com

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