ISTANBUL
The global pandemic, coronavirus (Covid-19), will lead to an 11% decline in jet fuel demand in 2020 hitting this sector the hardest with the real possibility of suspended flights in the second quarter of the year, Norway-based energy research center Rystad Energy’s report forecasted late Thursday.
Global oil demand is projected to decrease 0.6% or by 600,000 barrels of oil per day (bpd) year-on-year due to the virus, which has started to lower global economic activity starting in China, according to the Covid-19 report of Rystad Energy.
Total oil demand in 2019 was approximately 99.8 million bpd, and now
Read more: Covid-19 to hit jet fuel sector with 11% demand fall
