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The impact of the Corona virus on the oil market will be limited

The chair of the meetings of the Organization of Petroleum Exporting Countries (OPEC) announced that the impact of the Corona virus on the oil market would be limited.

Algerian Energy Minister Mohammad Arkab and Periodic chairman of OPEC meetings predicted that yesterday the outbreak of the Corona virus in China would have little effect on the world oil market, according to Reuters.

However, he said oil producers are ready to respond to any new developments.

According to him, the impact of the Corona virus outbreak in China on the outlook for oil demand will be neglectable.

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