Saudi says coronavirus impact on oil demand limited


One for the history books:

Dateline 2020-01-27, FMT:

Top oil exporter Saudi Arabia said on Monday that the impact of a deadly coronavirus epidemic on oil demand was “extremely limited” but that the kingdom was closely following events.

Oil prices plunged on Monday, with Brent crude dropping below US$60 a barrel for the first time in almost three months amid fears over the economic effects of the epidemic, which has killed over 80 people in China.

But the outbreak’s impact “on the global demand for oil is extremely limited,” Energy Minister Prince Abdulaziz bin Salman said in a statement cited by the SPA state news agency.

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This entry was posted on Monday, March 23rd, 2020 at 6:23 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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