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Coronavirus: Oil use to suffer first quarterly drop in a decade, says IEA

"Global oil demand has been hit hard by the novel coronavirus and the widespread shutdown of China's economy," it said.

Oil rig
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Representative image of an oil rig

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Global oil demand will suffer its first quarterly drop in a decade as COVID-19 virus lashes the economy in China and its impact ripples throughout the world, the IEA said. "Global oil demand has been hit hard by the novel coronavirus and the widespread shutdown of China's economy," it said.


Topics : Oil demand

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