Page 93 - RusRPTMay20

9.0​ Industry & Sectors 9.1 ​Sector news
9.1.1a​ Oil & gas sector results
9.1.1b​ Oil and gas sector news
OPEC expects a historic record fall in oil demand of 6.8mn barrels per day in 2020, ​the organization said in a report on April 16. "For 2020, the world oil demand growth forecast is revised lower by 6.9mn barrels per day, to a historical drop of around 6.8mn barrels per day," OPEC said. Global oil demand in 2020 is expected at 92.82mn barrels per day. The new OPEC deal can cut Russia's oil and gas condensate output by 1.3mn barrels per day as compared with 2019 to 10.14mn barrels per day. "For 2020, Russian liquids supply is expected to decline by 1.30mn barrels per day on the year to average 10.14mn barrels per day, revised down by 1.38mn barrels per day
93​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com