Beijing: The threat of coronavirus in China is now beginning to affect the world oil market. Oil-producing countries can also reduce production due to Coronavirus in China due to the movement of planes there and the closure of the means of transport. A big reason behind this is also being told that since the Coronavirus has spread in China, the markets there have been closed since then.
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According to the information, all airlines have stopped the movement of their planes in China. The Chinese government has closed markets etc. The roads here are deserted. A large part of the population is imprisoned in their home. For this reason, the use of oil here is a bit closed at the moment. It is also being said that airplanes are not landing at the airport nor are they flying from here. People are not leaving with their vehicles even on the roads.
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If airplanes from other countries are coming and going at the airport, it will also need oil, in such a situation it will be consumed, but since Corona has wreaked havoc there, such activities are completely stopped. Looking at the same things, it is now being said that the world's major oil producing countries can also drop their oil production.
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How much China uses oil: China is the second-largest economy in the world. It is said that China has an important role in the growth that is happening in the world economy. If there is any kind of trouble, it cannot be denied that the economy will be affected. The shock of the negative impact of the Coronavirus crisis on China will be felt worldwide.
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