Crude oil prices continued to fall on worries about global oil demand on the back of the coronavirus outbreak
โดยทีมวิเคราะห์ตลาดต่างประเทศ บริษัท ปตท. จำกัด (มหาชน)
- China’s National Health Commission said on Tuesday that the death toll from a coronavirus outbreak in China rose to 425 as of the end of Monday, up by 64 from the previous day. Of the new deaths, all were in central Hubei province, the epicentre of the virus outbreak. In the provincial capital of Wuhan, 48 people died. The White House said on Monday China had accepted its offer to have U.S. experts as part of a WHO mission to study and help combat the virus.
- As the outbreak hits fuel demand in China, the world's biggest crude oil importer, refiner Sinopec Corp. told its facilities to cut throughput this month by about 600,000 barrales per day, or 12 %, the steepest put in more than a decade.
- Iranian Oil Minister Bijan Zanganeh said on Monday that the spread of China's new coronavirus had hit oil demand. "The oil market is under pressure and prices have dropped to under $60 a barrel and efforts must be made to balance it," Zanganeh said. The minister also said Iran would agree to an earlier OPEC meeting if the rest of the group's members agreed to oil production cuts.
- The Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, are considering a further 500,000 barrales per day cut to their oil output, three OPEC sources and an industry source told Reuters.