OTTAWA - Canada’s energy industry is not overly alarmed as the new coronavirus coming out of China is taking a bite out of world oil prices. Oil prices began dropping in mid-January when the first confirmed death from the virus in China was reported. He said when the SARS outbreak hit in 2003, a drop in demand only lasted a few months. However Richard Price, the global crude oil deputy editor at Independent Commodity Intelligence Services in London, said this week the new coronavirus could hurt oil prices more than SARS did in 2003. YOU MIGHT BE INTERESTED IN...Price said SARS shaved 30 per cent off world oil prices and the impact of this outbreak could be worse, depending on how infectious it is.

Source: thestar January 29, 2020 17:33 UTC