#Covid-19 might not be as bad as you think for oil demand

‘Back to life’ will probably mean social distancing for a while. A new normal where people do old things in different ways. In China one of the most important change is that people are switching from public transport (bus, metro) to private cars and the reason is that the risk of infection.

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This is what happened in China during the SARS travel lockdown which was in place for all of 2003 and 2004.

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History doesn’t repeat itself but it often rhymes.

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