20 April 2024
Plunging oil demand ‘might never return to pre-virus levels’ – Morgan Stanley
Publication date: 31 March 2020
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There is still no bottom in sight for the freefalling price of oil, which is facing an unprecedented squeeze on demand that could knock more than 5% off global consumption this year, Morgan Stanley said in a research note this week. The US investment bank also presaged structural changes arising from the coronavirus crisis will accelerate the shift away from fossil fuels, with potentially profound impacts on the long-term outlook for oil demand.
Morgan Stanley this week slashed its Brent price forecasts by ...