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Tag Archives: Coronavirus impact on oil

Oil-Sands Workers Brace for ‘Hellish’ COVID19 Outbreak in Remote Camps

Syncrude Canada Ltd. oil sands worker housing camps are seen at the company’s upgrading plant at the Athabasca Oil Sands.

BLOOMBERG, March 21, 2020 🛢First suspected Covid-19 case reported; awaits confirmation 🛢Virus adds to worries for industry’s embattled workers By Kevin Orland and Robert Tuttle for BLOOMBERG – As if the market crash threating their jobs wasn’t stressful enough, workers in Canada’s oil-sands are bracing for the coronavirus to upend life in the remote camps where they’re lodged. One suspected case among them …

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China Oil Demand Has Plunged 20% Because of the Virus Lockdown

White SINOPEC oil tanks in row

BLOOMBERG, February 3, 2020 Chinese oil demand has dropped by about 3 million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy industry. The drop is probably the largest demand shock the oil market has suffered since the global financial crisis of 2008 to 2009, and the …

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