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IEA says the worst impact of coronavirus on oil demand is over



LONDON-The International Energy Agency said on Friday that the worst impact of coronaviruses on global oil demand has passed, but this trend will continue to echo as the market slowly recovers in the second half of 2020.

In its carefully read monthly report, the IEA stated that global oil demand plummeted 10.75 million barrels per day in the first half of 2020, which is about 11% lower than last year. The company predicts that oil demand will decrease by 5.1 million barrels per day in the second half of the year.


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