Coronavirus likely to impact oil demand in next two months-Total CEO

"There will be a possible impact (on oil markets) in the next two months that might be substantial, China will reduce its consumption," Patrick Pouyanne said

  
Image used for illustrative purpose. A pumpjack (oil derrick) and oil refinery in Seminole, West Texas.

Image used for illustrative purpose. A pumpjack (oil derrick) and oil refinery in Seminole, West Texas.

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ABERDEEN - The new coronavirus in mainland China, which has killed more than 500 people in the country since the start of the year, could have a significant impact on oil demand in the next two months, French major Total's TOTF.PA CEO said on Thursday.

"There will be a possible impact (on oil markets) in the next two months that might be substantial, China will reduce its consumption," Patrick Pouyanne said during a news conference.

The Brent benchmark LCOc1 has lost more than 9% over the last two weeks.

(Reporting by Bate Felix and Benjamin Mallet; Writing by Benoit Van Overstraeten; Editing by Alex Richardson) ((benoit.vanoverstraeten@thomsonreuters.com; +33149495339;))


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