However, when the February report was released (February 13th), the IEA revised the Q1 2020 global oil demand lower to 98.8 million barrels per day (mbd), due to the significant decline in Chinese domestic oil consumption stemming from the COVID-19 outbreak. But, then when the IEA’s March report was just released, the organization revised the Q1 2020 global oil demand lower again to only 97.6 mbd. I’ll get to my Q1 2020 forecast (in RED) in a minute.
However, when the February report was released (February 13th), the IEA revised the Q1 2020 global oil demand lower to 98.8 million barrels per day (mbd), due to the significant decline in Chinese domestic oil consumption stemming from the COVID-19 outbreak. But, then when the IEA’s March report was just released, the organization revised the Q1 2020 global oil demand lower again to only 97.6 mbd. I’ll get to my Q1 2020 forecast (in RED) in a minute.
https://srsroccoreport.com/major-economic-depression-ahead-global-oil-demand-to-fall-drastically/
