Global oil demand in 2020 could fall by between 150,000 and 200,000 barrels per day (bpd) when compared to 2019, Russia’s Energy Minister Alexander Novak said on Friday, as reported by Reuters. “Uncertainties in oil production persist in Libya, Iran and Venezuela,” Novak added and noted that the oil production in the US was expected to rise by less than 1 million barrels per day in 2020. “We have no information on restrictions on Russian oil and gas supplies to China,” Novak concluded. WTI reaction The barrel of West Texas Intermediate (WTI) edged lower on these comments and was last seen trading at $50.60, erasing 0.9% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Price Analysis: Next stop turns up at 98.93 FX Street 2 years Global oil demand in 2020 could fall by between 150,000 and 200,000 barrels per day (bpd) when compared to 2019, Russia's Energy Minister Alexander Novak said on Friday, as reported by Reuters. "Uncertainties in oil production persist in Libya, Iran and Venezuela," Novak added and noted that the oil production in the US was expected to rise by less than 1 million barrels per day in 2020. "We have no information on restrictions on Russian oil and gas supplies to China," Novak concluded. WTI reaction The barrel of West Texas Intermediate (WTI) edged lower on these comments and was last seen… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
