Global oil demand is set to fall 2.5 million b/d in the first quarter compared with a year earlier due to the coronavirus outbreak , with the “call” on OPEC producers falling to 25 million b/d, 3.5 million b/d below their assumed output level, the International Energy Agency said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its monthly oil market report, the IEA forecast a full-year reduction in demand of 90,000 b/d in 2020, the first annual fall since 2009, based on “close to normal” demand in the second half of the year, but acknowledged high levels of uncertainty. Setting out alternative high and low scenarios, it said global oil […]