Expected quarterly global oil demand volume following Covid-19 for 2020

On March 11, the World Health Organization officially categorized the Coronavirus, 2019 (Covid-2019) as a pandemic. Its impact on different economic sectors is yet to be fully understood, but forecasts suggest a dire scenario. For the first quarter of 2020, projections see an oil demand decline of 750,000 barrels per day, which would bring the quarterly total to 100.82 million barrels per day instead of 101.57 million as previously forecast. The first quarter is set to be hit the hardest, whereas revisions for the fourth quarter suggest a decline of 125,000 barrels per day.

Projected global oil demand volume following impact of Covid-19 by quarter in 2020

You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

February 2020

Region

Worldwide

Survey time period

2020

Age group

Supplementary notes

* The source labeled the forecasts as "unadjusted forecast" and "live balance" respectively.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Coronavirus (COVID-19) in the Middle East and North Africa"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.