According to the impact of COVID-19, lots of schools, mills, companies decided to postpone their working day, and even further affect the airline industry.

Based on the low commercial activities, the global crude oil demand also dropped dramatically, even serious than 2008’s global financial crisis.

Jim Burkhard, the vice president of HIS Markit, mentioned that the dropping range of the crude oil demand was unexpected, and it expected the global crude oil demand would slide down by around 3.8 million barrels/day in the first quarter this year, compared to the same period in 2019.