This year’s drop in oil demand in the world will amount to 10.8%, projected at Rystad Energy
Analysts at Rystad Energy forecast for the current year reduction in oil demand in the world at 10.7 million barrels per day, or 10.8%.
“Our estimates show that total oil demand in 2019 amounted to approximately 99.5 million b/d and is now expected to fall to 88.8 million b/d in 2020”, – stated in the message of the analytical company.
According to experts, in may oil demand fell by 21.1 per cent to 77,9 million b/d. They believe that in June the figure will be 84.5 million b/d that is reduced by 14% in annual terms.
In 2021, the total demand for oil is expected to be 98.1 million b/d.
U.S. oil demand in 2020 is predicted to fall by 2.1 million b/d (10%) to 18.4 million b/d. next year is expected To rise to 19.9 million b/d.
In Europe, analysts expect the reduced demand this year by 1.8 million b/d (13.2%) to 12.4 million b/d. In 2021 is projected to rise to 13.6 million b/d.