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Virus to knock oil demand growth by 300,000 bpd -Trafigura

Friday, 14 February 2020 | 12:00

Global commodity trader Trafigura Group expects the coronavirus outbreak in China to cut 2020 global oil demand growth by 300,000 barrels per day (bpd) to around 1 million bpd, CEO Jeremy Weir told Fox News.

Weir said he expected a big pick-up in demand in the second half of the year.

He also expects stimulus in China in the second half of the year to buoy industrial demand there.
Source: Reuters (Reporting by Ahmad Ghaddar; editing by Jason Neely)

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