- India sees 2020/21 fuel demand growth rebound
March 02, 2020
India expects its refined products demand growth to rebound to 3.8% in the financial year beginning April, tracking improved economic growth, according to government estimates that were made in January before the coronavirus broke out.
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- Oil Looks Into Abyss as Virus Threatens Demand Contraction
March 01, 2020
Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, its impact on energy demand.
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- Oil Has Its Worst Week Since the Financial Crisis After 5% Friday Drop
February 28, 2020
U.S. oil prices had their worst week since 2008, when the global financial system was melting down, as the coronavirus-driven selloff in risky assets accelerated. [Article behind paywall]
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- Ships Turn Into Floating Storage Units for Oil and Gas as Chinese Buyers Back Out
February 28, 2020
A new glut of oil and gas is emerging, floating at sea, as the novel coronavirus epidemic cuts China’s appetite for fuel and hampers work at Chinese ports. [Article behind paywall]
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- Oil market faces up to the grim implications of coronavirus
February 27, 2020
As coronavirus fears rattle global markets, the oil industry is facing up to an uncomfortable truth: things are likely to get worse before they get better. FGE, an energy consultancy, is now forecasting that global demand growth for oil ...