BP is expecting the China-focused coronavirus outbreak to reduce global oil demand by up to 500,000 b/d in early 2020 but remains upbeat that improving economic sentiment will support the oil market later in the year, the oil major’s chief financial officer said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Refiners in China, the world’s largest oil importer, are expected to cut both crude imports and throughputs as the coronavirus outbreak saps consumption, with transportation, manufacturing and industrial activities all slowing down. “There is no question that coronavirus will impact demand this year,” Brian Gilvary said on a quarterly earnings call. “We are currently seeing around 300,000-500,000 b/d impact on demand growth and we looking at 1.2 million b/d […]