Oil Transport and Coronavirus22 Mar 2020 14:45
Just thinking of these two correlation...so if Coronavirus is spreading and workers in oil industry including processing plants workers got affected as the case recently in south of Iraq when the processing company Petronas just shut without even giving notice to the Iraqi gov ,and all personnel left Iraq as one of the workers tested positive for the virus...this led to 100000 barrel a-day loss for Iraq oil exports .
Then thinking of oil transport methods including pipelines,trucks,ships and rails and if countries go to complete lockdown then perhaps the only methods which can survive is pipeline but not the others...
Well at the end supplies will be dramatically cut and oil price may go up in spite of lower demands to the current estimate of 10 mb a day...
Just another extreme scenario but should not be discounted!