Highlights Wuhan city suspends all public transportation services, shuts airport Q1 jet fuel demand growth may slow to 3% from 7%-8% average Hong Kong’s jet fuel imports fell 37% on year at height of SARS China’s oil product consumption growth will likely receive a setback in the first quarter as the Lunar New Year festive period may fail to significantly boost fuel demand, with the outbreak of the Wuhan coronavirus limiting both road and air traffic flows. The Lunar New Year, which falls in either late January or early February each calendar year, is a major national holiday that marks one of the country’s busiest travel seasons, when gasoline and jet fuel consumption typically spikes. More than 90 million people are estimated to move more than 100 km during this period by road, railways or air each […]