quote: “The problem for OPEC+ is that the size of the demand destruction in China is not known,” said Petromatrix analyst Olivier Jakob. “It is therefore difficult for market participants to be convinced that an additional cut of 1 million barrels a day will be enough. In the current environment, a cut of 0.5 million barrels a day is going to be quickly discounted.”

Link to the story: https://fortune.com/2020/02/04/opec-coronavirus-china-slashes-oil-imports/