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What Will Oil Prices Do After The Coronavirus

2020-02-26

These days the Crude oil price is near to 50USD per drum 25 Feb 2020
In the first quarter of 2020, China’s demand for refined oil products will slump by about 35.7 percent year on year.
We dont know how the OPEC take further action in next step.
The slowdown in China’s industrial activity is causing shortage of more raw materials for some times.
I think the most likely outcome is that this virus will have a significant temporary effect but won’t have a big long term influence,
so the downward market price moves related to it are probably becoming exaggerated.
If it continues the current course, however, and if Chinese demand rebounds quickly enough, there will be some good news for oil exporters.




 
 

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