13/05/20 SP PLATTS Commodities
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IN THIS LIST OIL OPEC revises down global oil demand forecast again, with production cuts in focus
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OIL
 13 May 2020 | 16:01 UTC
London
OPEC revises down global oil demand forecast again, with production cuts in focus

  
AuthorHerman Wang 
EditorAlisdair Bowles 
CommodityOil

TopicCOVID 19: Coronavirus Outbreak,  Oil Price War
HIGHLIGHTSCall on OPEC crude falls to 24.26 million b/d for 2020

OPEC pumped estimated 30.41 million b/d in April

Q2 global oil demand to shrink 17.26 million b/d yoy
London — OPEC would have to nearly halve its crude oil production in the second quarter to balance the market, according to the organization's latest analysis, as the COVID-19 outbreak continues to force massive downward reassessments of the global economy.

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