IEA signals tanker trouble with crude demand forecast cut
The Paris-based agency has lowered oil demand growth for 2019 by 100,000 bpd to 1.1 m bpd and trimmed 2020 demand growth to 1.3m bpd amid concerns around a 'fragile' global economy and lingering uncertainty about the US-China trade spat
Indications of slowing demand and shrinking exports from the world’s biggest crude exporter suggest that the recent gain in tanker rates seen over August may be brief
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