OPEC announced on Wednesday that it expects global oil demand to decline more sharply than previously estimated this year due to the coronavirus pandemic, adding that the recovery expected next year remains subject to multiple uncertainties. , which could weigh on prices.

The Organization of the Petroleum Exporting Countries now expects global crude demand to fall by 9.06 million barrels per day (bpd) this year, its monthly report said, after forecasting a drop of 9.06 million barrels per day (bpd) last month. 8.95 million bpd.

"Rough and refined product price developments in the second half of 2020 will continue to be influenced by concerns about a second wave of infections and rising global inventories," the report said.

For 2021, OPEC still forecasts a rebound in demand of seven million bpd but recognizes that the uncertainties surrounding this forecast could translate into "a negative impact on oil consumption".