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Sentiment is bearish among Mideast producers as the coronavirus pandemic is impacting the demand in key export markets globally. Listen to our podcast focusing on the region's supply chain, #petrochemicals shipping and aviation markets: | #ArgusBlog #OOTT
Mideast stock markets have significantly dropped amid the COVID-19 outbreak and oil prices have fallen by levels unseen since the 1991 Gulf War.
Saudi Arabia closed off air and sea travel to nine countries affected by the new coronavirus Monday as Mideast stock markets tumbled over fears about the widening outbreak’s effect on the global economy.
Stocks markets in the Mideast suffer sharp drops in early trading over fears about the new coronavirus and falling demand for crude oil amid a failure by OPEC and allied nations to cut production.
Asian stocks stumble, oil creeps up as markets ponder fallout of Mideast tension
Mideast stock markets in a tailspin as Iran vows to pump 500,000 barrels/day of oil.