The global spread of the coronavirus will cause oil demand to drop by roughly 20 million b/d to about 80 million b/d this year, Fatih Birol, executive director of the International Energy Agency, said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now During an online event organized by the Atlantic Council, Birol said there will be a “significant decline” in global oil demand in Q1 2020 and an “even bigger” decline in Q2 2020 as 3 billion people are unable to travel anywhere for months. “This will have significant consequences for years to come,” Birol said. On Wednesday, S&P Global Platts Analytics forecast global demand to fall by 4.5 million b/d in 2020, with a 15% demand drop in April and May. Goldman Sachs this week forecast […]