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Big Oil confronts possibility of terminal decline

IEA forecasts average daily oil demand will drop by 8% this year due to airline industry uncertainty

Mivielle, Paris

ALTHOUGH crude prices have rebounded from Covid-19 crisis lows, oil executives and experts are starting to ask if the industry has crossed the Rubicon of peak demand.

The plunge in the price of crude oil during the first wave of novel coronavirus lockdowns - futures...

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