Citi Group expects sharp decline in oil demand

Analysts of Citi Group expect a sharp decline in world oil demand in the second quarter of 2020, on April 3, Reuters reported. According to City's forecast, global demand could decline by 18 20 million barrels per day in the second quarter of the year. As reported by the news agency, as a result of the global fall in demand due to the coronavirus epidemic, oil prices had previously fallen below $25 per barrel. However, oil prices are currently rising. Read also:

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