Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy.

Illustration by OSORIOartist/AdobeStock

The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption rebounded in the summer, but some countries where infections were under control are seeing a resurgence in the deadly virus, sparking waves of lockdowns that could hamper the recovery.

Read more: http://www.oedigital.com/news/481700-oil-industry-paints-grimmer-picture-of-pandemic-s-harm-to-demand?utm_source=AOGDigital-ENews-2020-09-15&utm_medium=email&utm_campaign=OEGDigital-ENews

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