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"China is, by far, the biggest market for OPEC+...S&P Global Platts sees global oil demand falling by an “almost catastrophic” 2.6 mmb/d in February and 2 mmb/d in March in its worst-case scenario."https://t.co/BflKR5pz2z#OOTT #oilandgas #oil #WTI #CrudeOil #fintwit #OPEC
— Art Berman (@aeberman12) February 2, 2020
The world’s biggest oil producers face two key questions: how long will it last and how severe will the consequences will be? The answers are still elusive, but the OPEC+ group will need to weigh some educated guesses soon. https://t.co/XHYmm46Udy via @JLeeEnergy pic.twitter.com/okua0LEIXW
— Stuart Wallace (@StuartLWallace) February 2, 2020
ANALYSIS: The loss of much of China’s oil demand growth will crush the producer group under the weight of falling oil prices, unless, collectively, they cut their output further | #OOTT #Coronarivus #China #OPEC via @JLeeEnergy https://t.co/NZpXAHjrdq
— Javier Blas (@JavierBlas) February 2, 2020
"Gasoline, jet fuel & gas/diesel oil were expected to account for 55% of China’s oil demand this year...Even before...coronavirus began to hit oil consumption...[OPEC+] producers...were in trouble."https://t.co/BflKR5pz2z#OOTT #oilandgas #oil #WTI #CrudeOil #fintwit #OPEC pic.twitter.com/r9YJXGnsP8
— Art Berman (@aeberman12) February 2, 2020
The new coronavirus will take a chunk out of China's oil demand. Producer must cut output to keep from being crushed under the weight of falling prices https://t.co/ZkhOnA75oB via @bopinion
— Bloomberg Next China (@next_china) February 3, 2020
Coronavirus will generation lots of follow-on impacts. Here's another one. https://t.co/hCHO65Ra8P
— Peter Zeihan (@PeterZeihan) February 2, 2020
The new coronavirus will take a chunk out of China's oil demand. Producer must cut output to keep from being crushed under the weight of falling prices https://t.co/PCCJOVSPFb via @bopinion
— Thomas J. Hayes (@HedgeFundTips) February 2, 2020
China oil demand takes 20% hit amid coronavirus fears, one of largest industry shocks since financial crisis - @NorthmanTrader https://t.co/8Dwt4tzWAm
— Capital Private Asset (@CapitalPrivate1) February 3, 2020
The medium/long term setup for oil is going to be historic https://t.co/blJz5NrVOf
— ???????? ????? (@pineconemacro) February 3, 2020
'Saudi Arabia is pushing for a major short-term oil production cut as it seeks to respond to the impact of China’s deadly coronavirus on crude demand, according to OPEC officials.' https://t.co/Yg7K9UHdkc
— Jesse Felder (@jessefelder) February 3, 2020
サウジアラビアが原油の大幅な減産を検討 #新型肺炎 による需要減受け https://t.co/MRiMFnjx3v
— George Nishiyama (@g_nishiyama) February 3, 2020
Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt oil markets amid the coronavirus outbreak https://t.co/mUsVMWdBJt
— Phillip Streible (@PStreible) February 3, 2020
Brent crude is now down 3% and heading for a bear market even after @summer_said and @benoitfaucon report that Saudi Arabia is pushing for a short-term production cut. Sums things up: https://t.co/yfXmYHxojN
— Amrith Ramkumar (@AmrithRamkumar) February 3, 2020
#Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt #oil markets amid the #coronavirus outbreak https://t.co/zuWl1Evbtz
— Mohamed Abdel-Gaber (@mabdelgaber) February 3, 2020
Saudis Weigh Large Oil Cuts in Response to Coronavirus - WSJ
— Alexander Stahel (@BurggrabenH) February 3, 2020
Any views @Amena__Bakr ? https://t.co/JcrBy4FHmx
Saudis Weigh Large Oil Cuts in Response to Coronavirus.
— FurorRises (@FurorRises) February 3, 2020
Representatives of OPEC and its allies are set to meet Tuesday and Wednesday to debate possible action.https://t.co/XrJuyROgDg
Saudi Arabia is pushing for a drastic, short-term oil production cut as it seeks to respond to the impact of China’s deadly coronavirus on crude demand https://t.co/4NxUXtQnrz
— Ahmed Al Omran (@ahmed) February 3, 2020
Saudis Mull Drastic Oil Cuts In Response To Coronavirus - WSJ Full Piece #OOTT $CL_F https://t.co/ytOeJZJ41K
— LiveSquawk (@LiveSquawk) February 3, 2020
The coronavirus outbreak is impacting faraway oil-exporting nations, as reduced refining demand hits the prices they can charge for crude https://t.co/779FDmVLGw via @WSJ
— Sean Brodrick (@SeanBrodrick) February 3, 2020
Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt oil markets amid the coronavirus outbreak @summer_said @benoitfaucon https://t.co/n6RHvbQaVA
— Jared Malsin (@jmalsin) February 3, 2020
Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt oil markets amid the coronavirus outbreak https://t.co/JzRx5AbaIW via @WSJ
— benoit faucon (@benoitfaucon) February 3, 2020
Saudis Weigh Large Oil Cuts in Response to Coronavirus - WSJ https://t.co/lsAEtNgmuW
— Dan K. Eberhart (@DanKEberhart) February 3, 2020
"Saudi Arabia is pushing for a major, short-term oil production cut as it seeks to respond to the impact of China’s deadly coronavirus on crude demand, according to OPEC officials."https://t.co/iTQkj9oeDH
— Amit Paranjape (@aparanjape) February 3, 2020
Saudis Weigh Large Oil Cuts in Response to Coronavirus https://t.co/vaR5GhbSLj
— Herbert Reed (@Herbert_L_Reed) February 3, 2020
Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt oil markets amid the coronavirus outbreak https://t.co/5lWcZRmpWB
— Phil Flynn (@EnergyPhilFlynn) February 3, 2020
OPEC, 중국 코로나 바이러스 위기에서 한 가지 선택에 직면하다 https://t.co/I8eB0kt9cP
— editoy (@editoy) February 4, 2020
Amid the nCoV outbreak, Chinese demand for oil has dropped, rattling oil-producing countries worldwide.
— JC Punongbayan (@jcpunongbayan) February 4, 2020
Question for #Econ101 students: what will be the likely impact on the equilibrium price and quantity of oil worldwide?https://t.co/MyZVgsX9xX
OPEC Scrambles to React to Falling Oil Demand From China - The New York Times
— Mark Thomas (@dmarkthomas) February 3, 2020
Underlining the impact of #coronavirus on the oil market and wider economy. https://t.co/S0qNrt2iZX
China oil demand takes 20% hit amid coronavirus fears, one of largest industry shocks since financial crisis https://t.co/GCIrz6dfcy
— Crude Oil Today (@WtiOil) February 3, 2020
The prospect of canceled flights, closed borders, locked-down cities and idled factories in China, which is the world’s biggest oil importer, pushed Saudi Arabia to call for further production cuts among OPEC countries. Still, oil prices fell.@summer_said https://t.co/rSq07PywzO
— Jonathan Cheng (@JChengWSJ) February 4, 2020
Saudis Weigh Large Oil Cuts in Response to Coronavirus - WSJ https://t.co/0TVtMVf91h
— د. نايف بن خلف (@naif_khalaf) February 3, 2020
Saudi Arabia, OPEC’s de facto leader, is pushing for a temporary cut of 1 million barrels a day to jolt oil markets amid the coronavirus outbreak. The world’s economy is linked together. We all need to work together to contain & defeat the coronavirus. https://t.co/Ukz6CHckll
— Glenn Hamer (@GlennHamer) February 3, 2020
Let’s see if it is 500,000 bbls/day, 1 million bbls/day or even more. Additional information likely to emege in the coming days https://t.co/TugXToZWmz
— Ian H Lundin (@Ian_H_Lundin) February 3, 2020