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WASHINGTON (Reuters) – Growing signs of an economic slowdown and the intensification of the US-China trade war have led to a growth in global oil demand at a slower pace since the crisis World Financial Report of 2008, announced Tuesday the International Energy Agency.
"The situation is becoming increasingly blurred … the growth of global oil demand has been very slow in the first half of 2019," said the IEA in its monthly report, adding that compared to the same month by 2018, global demand had dropped 160,000 barrels a day in May. Year on 2019.
From January to May, demand for oil rose by 520,000 barrels a day, the smallest increase since 2008.
"Prospects for a trade agreement between China and the United States have deteriorated, which could result in reduced economic activity and weaker growth in demand for oil," he said. declared the IEA.
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