Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.”  Evans-Pritchard said the plunge in consumption could be between three to four million barrels per day, adding that this amount is twice UK’s North Sea oil output.  We noted earlier (see below), OPEC+ couldn’t come to … Continue reading Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis