Market pessimism continues to grow over the impact of COVID-19 on global oil demand despite signs that economic measures to contain the pandemic are starting to ease in Europe, the continent hardest-hit by the crisis. Receive daily email alerts, subscriber notes & personalize your experience. Register Now As forecasters sift through fresh data for signs of how economic activity is responding to the rolling lockdowns, most are now doubling down on their worst-case scenarios for the toll on oil demand. Pointing to a wave of “abysmal” data suggesting manufacturing activity slumped to record lows in April, London-based consultancy Facts Global Energy now expects global oil demand to fall by 11 million b/d year on year in 2020, compared with a forecast contraction of […]