Home Business IEA says global oil demand could drop 20% as 3 billion people... Business IEA says global oil demand could drop 20% as 3 billion people in lockdown By Genpie - March 26, 2020 102 0 Facebook Twitter Google+ Pinterest WhatsApp Global oil demand could dive by 20% as 3 billion people are in a lockdown because of the coronavirus outbreak, the head of the International Energy Agency (IEA) said on Thursday as he called on OPEC leader Saudi Arabia to help stabilise oil markets.