Covid-19 measures erase ‘almost a decade of growth’ for oil demand: IEA

Global capital expenditure by E&P companies in 2020 forecast to drop to lowest level for 13 years, undermining the industry's ability for clean energy transitions around the world

Demand destruction: IEA executive director Fatih Birol
Demand destruction: IEA executive director Fatih BirolPhoto: AP/SCANPIX
Published 15 April 2020, 09:48Updated 15 April 2020, 09:48