# Oil Data From SARS Era Offers Clues to Impact of China Virus - Bloomberg

> IEA data show the 2003 SARS outbreak sharply cut jet fuel consumption, while other oil products held up. The findings are being used to gauge how the current China coronavirus could affect fuel demand.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: disease · region China · magnitude low
- Page: https://feedsoft.ai/events/12376-oil-data-from-sars-era-offers-clues-to-impact-of-china-virus-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The precedent suggests the demand hit may be concentrated in jet fuel rather than diesel, limiting the broader price impact. It is a reference point rather than a new supply or demand change.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-01-28 | [Diesel Slump Turns Into a Rout as Virus Locks Down Cities - Bloomberg](https://feedsoft.ai/events/12371-diesel-slump-turns-into-a-rout-as-virus-locks-down-cities-bloomberg.md) | -5.8% | -6.1% |
| DIESEL | 2020-01-22 | [Fueled by concerns over the ‘China virus,’ oil markets tumble - FreightWaves](https://feedsoft.ai/events/12373-fueled-by-concerns-over-the-china-virus-oil-markets-tumble-freightwaves.md) | -6.3% | -6.6% |
| DIESEL | 2020-01-27 | [Oil drops below $60 as China virus drives demand concern \| Fox Business](https://feedsoft.ai/events/54975-oil-drops-below-60-as-china-virus-drives-demand-concern-fox-business.md) | -6.3% | -6.8% |
| DIESEL | 2020-01-30 | [Oil Sinks to Three-Month Low as Asia Virus Spooks OPEC - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/55263-oil-sinks-to-three-month-low-as-asia-virus-spooks-opec-energy-news-top.md) | -2.6% | -12.2% |
| DIESEL | 2020-01-27 | [Oil hits more than 3-month low on fears coronavirus will slow growth](https://feedsoft.ai/events/55262-oil-hits-more-than-3-month-low-on-fears-coronavirus-will-slow-growth.md) | -6.3% | -6.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-29/oil-data-from-sars-era-offers-clues-to-impact-of-china-outbreak

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.