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Economy

OPEC lowers forecast for global oil demand growth over coronavirus outbreak in China 

Updated : February 13, 2020 06:28 AM IST

The outbreak of the coronavirus in China during the first half of 2020 is the major factor behind this downward revision, OPEC said.
China remains in crisis mode weeks after the epidemic exploded, with much of the country shut down.
Those disruptions are expected to hit economic output and China has been a major source of growth in demand for oil in recent years.
OPEC lowers forecast for global oil demand growth over coronavirus outbreak in China 

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