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Monday, March 2, 2020

Coronavirus Slows China's Demand for African Oil

Bloomberg published on 28 February 2020 an article titled "China to Take a Third Less West African Oil as Virus Hits Demand" by Bill Lehane.

The volume of crude oil imported by China from West Africa during March is set to drop by at least ten million barrels as demand decreased due to coronavirus. This would be China's lowest monthly amount of imported oil from the region since at least January 2012.