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
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Other statistics that may interest you Coronavirus: impact on the energy industry in Latin America
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Statistics
- Expected y-o-y fall in global oil demand due to coronavirus pandemic by source 2020
- U.S. quarterly demand for liquid fuels due to coronavirus by sector 2020
- Quarterly demand for liquid fuels due to coronavirus by sector in Europe 2020
- Cut in oil sands production due to coronavirus in Canada 2020
- Expected OPEC+ oil production cuts and target cuts May-July 2020
- Monthly oil emissions in China 2019 & 2020
- Global medium-term oil demand outlook by key region 2022-2028
- Oil - medium-term demand outlook in OECD regions 2017-2023
- Oil demand shares by sector 2017-2050
- Petrochemical sector: growth in oil demand by key region 1990-2040
- Italy's power generation year-on-year change due to COVID-19 lockdowns by source 2020
- Forecasted real GDP growth rate due to COVID-19 G7 countries Q2 2020
- Number of oil refineries in France 2017, by operator
- Average number of closed business days by sector of activity in France 2020
- Oil consumption by the industry in Africa 2014-2019
- Difficulties faced by artisans after the COVID-19 lockdown in Morocco 2020
- At-home activities compared to before COVID-19 in Italy 2020
- Key figures of Schoeller-Bleckmann Oilfield Equipment 2019 & 2010
Argus Media. (February 17, 2020). Projected global oil demand volume following impact of Covid-19 by quarter in 2020 [Graph]. In Statista. Retrieved June 10, 2024, from https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/
Argus Media. "Projected global oil demand volume following impact of Covid-19 by quarter in 2020." Chart. February 17, 2020. Statista. Accessed June 10, 2024. https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/
Argus Media. (2020). Projected global oil demand volume following impact of Covid-19 by quarter in 2020. Statista. Statista Inc.. Accessed: June 10, 2024. https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/
Argus Media. "Projected Global Oil Demand Volume following Impact of Covid-19 by Quarter in 2020." Statista, Statista Inc., 17 Feb 2020, https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/
Argus Media, Projected global oil demand volume following impact of Covid-19 by quarter in 2020 Statista, https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/ (last visited June 10, 2024)
Projected global oil demand volume following impact of Covid-19 by quarter in 2020 [Graph], Argus Media, February 17, 2020. [Online]. Available: https://internal.statista.com/statistics/332291/global-oil-demand-outlook-following-covid-19/