Skip to content
Subscriber Only

Saudi Arabia Equates Coronavirus’s Oil Impact to a House on Fire

Concern In China As Mystery Virus Spreads

Photographer: Kevin Frayer/Getty Images 

Saudi Arabia gave the clearest signal yet of its concerns about the impact of the coronavirus on oil markets, comparing the situation to a blaze that needs the fire brigade.

In his first public comments on the virus since January, when he said the epidemic would have a “very limited impact” on oil demand, Saudi Energy Minister Prince Abdulaziz bin Salman described more urgent circumstances to an audience in Riyadh on Wednesday.