By Sarah McFarlane

BP PLC (BP.LN) expects coronavirus to reduce global oil demand by between 300,000 and 500,000 barrels a day, the company's Chief Financial Officer Brian Gilvary said on Tuesday.

Prior to the virus, BP had expected oil demand growth of 1.2 million barrels a day in 2020, Mr. Gilvary said.

"The other question is what will OPEC do in terms of OPEC cuts to try and rebalance the market," he said.

Write to Sarah McFarlane at sarah.mcfarlane@wsj.com.

(END) Dow Jones Newswires

February 04, 2020 05:05 ET (10:05 GMT)

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