You hit it on the nail "no demand" world is currently awash with surplus oil, no more containers to fill. Suppliers will shut down production as cheaper to leave oil in ground creating massive unemployment. Oil not just used as fuel for boats, planes and cars. Reductions talked about could be 15m barrels a day to prop up prices.
https://edition.cnn.com/2020/04/02/b...bia/index.html
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