IEA Boss Warns Demand Will Plunge By 20 Million Barrels Per Day

Global oil demand could fall by about 20 million barrels per day, EIA’s Executive Director, Fatih Birol said in a Thursday press briefing, according to Bloomberg. As 3 billion people in the world remain confined to their homes except to leave to get necessities, activity around the globe is falling—and oil demand along with it. Exacerbating the issue, Birol said, was the oil price war between Saudi Arabia and Russia. Oil prices, which saw a brief bump on Wednesday after it became clear that the Senate would pass its $2 trillion…