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Home / Oil & Energy / Oil & Companies News / International Energy Forum Sees 5.2 mb/d Global Oil Demand Shortfall in March And “Stagnant Last Mile Recovery” in 2021 International Energy Forum Sees 5.2 mb/d Global Oil Demand Shortfall in March And “Stagnant Last Mile Recovery” in 2021 Saudi Arabia: The International Energy Forum (IEF) today issued a report indicating that global oil consumption from transportation fuels in March was still 5.2 million barrels per day (mb/d) below where it was before the COVID-19 pandemic. The report entitled “Alternative Metrics for Real-Time Assessme...

BUSINESS IEF sees 5.2 mb/d global oil demand shortfall in March and ‘stagnant last mile recovery’ in 2021 April 19, 2021 Joseph McMonigle, secretary general of the IEF, during a webinar to present the findings. RIYADH — The International Energy Forum (IEF) on Monday issued a report indicating that global oil consumption from transportation fuels in March was still 5.2 million barrels per day (mb/d) below where it was before the COVID-19 pandemic. The report entitled "Alternative Metrics for Real-Time Ass...