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On May 13, OPEC+ predicted the current quarter would see the steepest decline for global oil demand despite some countries easing coronavirus lockdowns. The new prediction expects global oil demand to decrease by 9.07 million barrels per day, or 9.1%, in 2020.

OPEC Predicts Large Hit To Oil Coming

On May 13, OPEC+ predicted the current quarter would see the steepest decline for global oil demand despite some countries easing coronavirus lockdowns. The new prediction expects global oil demand to decrease by 9.07 million barrels per day, or 9.1%, in 2020.

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