Crude oil demand to see biggest quarterly plunge since Covid – IEA

The International Energy Agency predicts that crude‑oil demand in the second quarter will plunge to its lowest level since the pandemic‑driven slump of 2020. The drop is expected to push oil prices lower, hurting revenue for oil‑dependent economies such as Nigeria and other African exporters.

Demand for crude oil will likely see the biggest slump in the second quarter since the Covid pandemic slammed the global economy in 2020, the International Energy Agency said Tuesday. The post Crude oil demand to see biggest quarterly plunge since Covid – IEA appeared first on Vanguard News.