 Conditions of the Global Oil Market in Light of Coronavirus PandemicLatifa Gaid ()
Management & Economics Research Journal, 2020, vol. 2, issue 2Special, 137-149 Abstract: During the last months, the spread of Coronavirus has greatly affected the demand for energy over the entire world; especially in China, which is the largest consumer of crude oil. Most of the factories have stopped their productions and thousands of flights around the world have been cancelled. The virus started in the city of Wuhan in China and becomes now pandemic. Our study focuses on the international market situation of oil in light of current circumstances, using an analytical approach. We conclude that this virus has lowered the demand for brut oil, which has deteriorated oil prices. It is worth pointing out that the countries that export brut oil are the most affected by this crisis; especially the ones whose economy depends entirely on hydrocarbons. Keywords: Novel Coronavirus; Oil market; Oil prices; Oil Exporting Countries; Oil Importing Countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:alv:journl:v:2:y:2020:i:2special:p:137-149 DOI: 10.48100/merj.v2i2Special.105 Access Statistics for this article Management & Economics Research Journal is currently edited by Mohammed Benmoussa More articles in Management & Economics Research Journal from Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.