Coronavirus curbs growth in oil demand -Rystad Energy

The coronavirus outbreak will significantly limit the growth in global oil demand this year compared to earlier forecasts, Oslo-based consultancy Rystad Energy predicted on Tuesday.

Rystad now predicts global oil demand will grow by 820,000 barrels per day (bpd) in 2020, down from a December forecast of 1.1 million bpd, it said.

Oil prices have fallen sharply since news of the virus outbreak first emerged in mid-January.