Sales of jet fuel in China slumped by a quarter in the last week of January because of the coronavirus outbreak, an unnamed source from the oil industry told Reuters. The virus had a severe impact on the travel industry, and air travel specifically, but the impact on total January sales of jet fuel was surprisingly moderate: total jet fuel sales for the full month of January were only down by 0.2 percent from a year earlier, the source said. However, as the outbreak continues spreading, its effect on travel is bound to become more palpable. The number of people infected with the coronavirus has topped 24,000, with 492 confirmed deaths from it, according to CBS. Several countries , among them the United States, Italy, Australia, Russia, and Japan, have imposed strict travel restrictions to people coming from China, and more may follow. It was this impact on the […]