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Oil demand growth almost halves amid fears of economic slowdown

From theguardian.com

The world’s demand for oil is growing at the slowest rate since the financial crisis over fears of a global economic slowdown, the International Energy Agency (IEA) said. The agency said fears about the economic impact of the US trade war with China have caused oil prices to slide despite flaring tensions in the Middle East which would typically cause markets to spike. Oil demand growth almost halved in the first five months of the year compared with the same period last year, according to the IEA. Its latest monthly report revealed that demand grew by just under 600,000 barrels of oil a day this year, the weakest ... (full story)

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