Saudi says coronavirus impact on oil demand limited

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Saudi says coronavirus impact on oil demand limited
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The 2003 outbreak of SARS did not push down demand for oil. FMTNews Saudi

RIYADH: Top oil exporter Saudi Arabia said on Monday that the impact of a deadly coronavirus epidemic on oil demand was “extremely limited” but that the kingdom was closely following events.

But the outbreak’s impact “on the global demand for oil is extremely limited,” Energy Minister Prince Abdulaziz bin Salman said in a statement cited by the SPA state news agency. Prince Abdulaziz recalled that the 2003 outbreak of Severe Acute Respiratory Syndrome did not push down demand for oil.

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