. -- fatih birol. let's talk about the markets. we in a price war between the saudi's and the russians? >> i think this is one part of the equation. they are two legs of the challenge we are facing now. the first one is major decline in oil demand. imagine, at the center of the coronavirus in china, and number one trading partner of more than 100 countries around the world. oil,d, china, in terms of is responsible for more than 80% of the global oil demand growth. what happens in china, what happens in global economics, we see oil global demand is declining for the first time since 2009. this is our expectation. number two, even before the so-called price war has started 72 hours ago, we had foreseen year, 3.5quarter this million barrels a day of surplus oil, capacity in the markets. together, low demand, and an overhang of 3.5 million barrels a day of oil in the markets, and on top of that, cheap producers say they are tong to open up the taps, push prices downward, and today we have $30 plus in the markets. when you read the pres