OPEC cuts oil demand forecasts, BP sees ‘peak oil’ in 2020s
Updated : September 15, 2020 02:18 PM IST
BP says it expects demand for crude oil to peak in the early 2020s.
OPEC cut its estimates for world demand by 400,000 barrels a day for both this year and next.
Airlines around the world are flying only a fraction of their normal amount of traffic, with a full recovery not expected for another couple of years.