February to Mark Record Decline in Global Oil Refining Due to China Coronavirus

A worker rides a bicycle at an oil refinery of China's Sinopec, in Wuhan, central China's Hubei Province on May 10, 2011. STR/AFP/Getty Images

News Analysis

IHS Markit forecasts February will mark the sharpest one-month decline in oil refining in history due to the continuing outbreak of the highly infectious novel coronavirus in China.