ANKARA 

The world’s crude oil storage capacity may fill up next month because of coronavirus-related weak demand and rising oversupply, OPEC Secretary-General said Thursday.

With widespread travel restrictions, business and industry shutdowns, “supply and demand fundamentals are horrifying,” Mohammad Barkindo said during his opening speech at an OPEC and non-OPEC ministerial meeting via webinar.

When OPEC and its allies last met March 6 in Vienna, global GDP growth for 2020 was estimated at 2.4%, but currently forecast to contract 1.1%, Barkindo said.

Oil demand estimates for 2020 also took a hit, from a growth of around 0.1 million barrels per

Read more: Global oil storage capacity can fill in May: OPEC head