News
30 March 2020

Vitol says oil demand is down as much as 20%

In:
Oil & gas
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

Global oil demand has fallen as much as 20% from last year as more countries lockdown billions of people inside their homes in a bid to halt the spread of the coronavirus, trader Vitol says.Russell Hardy, the head of Vitol Group, said that consumption of crude had dropped by between 15 million and...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
26 September 2025

Exiled: Madiha Aslam, Innovo

Today’s Exile is Madiha Aslam, Director and Head of Structured Finance At Innovo Group. Madiha admires people who forge their own path, drawing on their experience without...

Perspective
03 October 2025

Uzbekistan fires energy ambitions with CCGT upgrades

Uzbekistan’s growing energy market provides plenty of opportunities for infrastructure development, and ECAs are showing enthusiasm. Gas remains essential to its ecosystem,...