According to The National, reported on March 25 in Paris, Pierre Siegoni, chief economist of France’s Total 3, the largest oil company in Europe, said here on March 24th that due to the further deterioration of the global economic downturn, global oil this year The demand is likely to decrease exponentially.
Saigoni made the above speech at an energy conference held in Paris. He said: "We expect this year's global oil demand will be reduced by 2 million barrels, which is a total reduction, it will have a huge impact on the oil market."
Saigonni said that the fundamental purpose of the substantial reduction of oil production by OPEC members is to stabilize the oil market.
Saigoni added that the main cause of the sharp reduction in global oil demand this year is that the global economy will use less energy this year.
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