Energy & Science
How the Pandemic Wiped Out Oil Demand Around the World
- U.S. consumption has fallen to the lowest in at least 30 years
- Crude demand in India plunged as much as 70% due to lockdowns
Photographer: Matthew Lloyd/Bloomberg
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Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel.
Currently, between a third and a half of the world’s population are in lockdown, meaning few people are driving, flying or doing much that would require the use of crude or its derivatives.