OPEC sees demand for its crude dropping to lowest in 30 years

The coronavirus outbreak has dampened oil demand, potentially reducing it to a level not seen since 1989, says OPEC.

Photo: Sergei Karpukhin/Reuters/Ritzau Scanpix

By Grant Smith, Bloomberg

OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.

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