IEA sees even deeper plunge in oil needs

The International Energy Agency expects oil demand to see a record decline in 2020 and hit its lowest level in 25 years in April. It would be impossible to negotiate a way out of such a collapse, the agency assesses.
Photo: FREDERIC J. BROWN/AFP / AFP
Photo: FREDERIC J. BROWN/AFP / AFP

Sunday night, it was finally settled: the deal between the world's biggest oil-exporters in Opec and Opec+, which had been negotiated over four days last week.

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