The coronavirus epidemic compresses the economic activity in China. What, according to specialists, affects the oil demand which decreased by approximately three million barrels per day, that is to say 20% of the overall consumption. It is the lowest of the Chinese request since the world financial crisis of 2008.

According to the British Agency Bloomberg, it is also the most sudden fall since the attacks of September 11. It is really a black swan for the oil market. There was a certain hope for the prospects for the request this year before the epidemic but that was swept, declared John Kilduff, a associate of A gani Capital, American oil trader.

Thus referring to the OPEC producers which, counts among the largest suppliers of China- The specialists affirm that the collapse of the Chinese oil consumption starts to be reflected on the world market of energy.

The price of Brent, the world reference as regards oil fell of more than 10% since January 20, when the financial markets became aware of the extent of the medical crisis in China.

It should be noted that China is the largest oil importer of the world. Thus, the specialists point out, any change of consumption has a considerable impact on the market world of energy.

Corneille Kinsala N’soki


(CKS/Yes)