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Tuesday, May 7, 2024 15:45 GMT
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.