World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd

Posted by Irina Slav

Share on Facebook

Tweet on Twitter

A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomberg in an interview. At its peak, oil demand could slump by 15 to 20 million bpd over the next few weeks. On an annual basis, Hardy said, this would contribute to a demand […]
To access this post, you must purchase World Outlook Financial Update - Mark Leibovit.