Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9 per cent, in 2020 due to the coronavirus outbreak, Norway's biggest independent energy consultancy Rystad Energy said on Wednesday.
The consultancy had forecast last week it would fall by 2.8 million bpd in 2020.
Rystad said oil demand in the month of April was forecast to fall by 16 million bpd, compared to a year earlier.
Rystad forecast a fall in jet fuel demand year on year of 20 per cent, or 1.4 million bpd, while air traffic was expected to drop 8 per cent. It said demand for vehicle fuel would fall 5.6 per cent, or by 2.8 million bpd, year on year.
