'Covid-19 to cause 1st decline in oil use in decade'

In its latest report -- which did not take into account an oil price war after Saudi Arabia and Russia failed to agree to continue production cuts -- the IEA chopped its current demand forecast by 1.1 million barrels per day (mbd) in its base case scenario as the coronavirus continues to spread around the world.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Q00Qxu

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