World oil demand is expected to fall this year for the first time since the global financial crisis in 2009.
The International Energy Agency cut its forecast for global oil demand by 1.1 million barrels a day as the new coronavirus wreaks havoc on the global economy.
That will leave demand 90,000 barrels a day below the previous year. The agency advises mainly oil-importing countries on energy matters. It said Monday that it expects demand to return close to normal in the second half of this year.
But it also says much depends on how governments react to halt the spread of the virus.
(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
