Middle East oil products use, once an engine for global growth, set for record drop, analysts say
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Article by:
Dania Saadi, Aresu Eqbali - S&P Global Platts
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Date Published:
April 13, 2020
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Who was cited:
Audrey Dubois-Herbert, Consultant - FGE
The Middle East's consumption of oil products from gasoline to jet fuel will add to pressures on global oil demand for this year as countries led by the energy-dependent Gulf region face economic slowdown, extended lockdowns and an oil price crash that will slam budgets already constrained by the coronavirus pandemic.
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