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China coronavirus roils oil markets, but China may ultimately rescue crude

2020-02-28

The spread across the world of the Chinese coronavirus has probably wiped out global crude oil demand growth for 2020, but in something of an irony it’s likely to be China that will be responsible if any increase is eked out.

There is little doubt that the coronavirus, which started in the city of Wuhan and has killed more than 2,700 people so far, will hit Chinese crude consumption this month, and likely into March and April.

But it also seems to be the case that Be.....

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Oil Price Forecasts Take A Turn For The Worst

2020-02-28

As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to Rystad Energy’s revised forecasts.

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