BP Sees Coronavirus Cutting Oil Demand by Up to 500,000 Bpd
February 04 2020 - 5:20AM
Dow Jones News
By Sarah McFarlane
BP PLC (BP.LN) expects coronavirus to reduce global oil demand
by between 300,000 and 500,000 barrels a day, the company's Chief
Financial Officer Brian Gilvary said on Tuesday.
Prior to the virus, BP had expected oil demand growth of 1.2
million barrels a day in 2020, Mr. Gilvary said.
"The other question is what will OPEC do in terms of OPEC cuts
to try and rebalance the market," he said.
Write to Sarah McFarlane at sarah.mcfarlane@wsj.com.
(END) Dow Jones Newswires
February 04, 2020 05:05 ET (10:05 GMT)
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