Global oil consumption cut by up to a third

Global oil consumption cut by up to a third
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20.04.2020

MOSCOW (MRC) -- What happens next in the oil market depends on how quickly and completely the global economy emerges from lockdown, and whether the recessionary hit lingers through the rest of this year and into 2021, reported Reuters.The OPEC+ deal, finalised on Sunday, envisages production cuts of 9.7 million bpd in May and June, with the cuts tapering through the rest of 2020, 2021 and

Full article at mrcplast.com

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