• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Demand for oil is weak and it spells nothing good for the World economy

9th August 2019

Demand for oil is weak and it spells nothing good for the World economy Pin It

The global demand for oil will be lower than previously expected this year and next. The International Energy Agency (IEA) points out the escalation of the trade war between the United States and China. The lower expectation follows the downward adjustment in June.

“The chance that China and the US will reach a trade agreement has shrunk. As a result, trading activity will collapse and demand for oil will increase less rapidly,” the energy organization wrote. IEA also concludes that the outlook is “fragile”.

In addition, oil demand increased in the first five months of the year at a particularly slow pace. For the last time, growth was so weak in 2008, according to the IEA. Oil demand was even lower in May compared to the level a year earlier.

The oil price has been under pressure since the beginning of this month. New developments in the trade struggle such as the additional American taxes on Chinese goods and the fluctuations of the Chinese currency were to blame for this.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Trump will squeeze every…

In Domestic Affairs

Trump will squeeze every opportunity in trade talks with Britain - Larry Summers

View Post

Next Post

Chinese producer prices fell further…

In Foreign Affairs

Chinese producer prices fell further than expected

View Post

COVID-19

In Domestic Affairs

Authorities are considering paying £500 as a welcome bonus for positive COVID test

View Post

In Foreign Affairs

ECB likely to keep the key rate unchanged

View Post

In IT, Innovation and Startups

TikTok is the winner of social media platforms in 2020

View Post

In Money Matters

Double dip recession is certainly an option – Chris Williamson

View Post

Newsletter

Latest News

View

IMF revises the forecast of the world economy

27th January 2021

View

ECB demands more reports from the banks

27th January 2021

View

Asos wants to by Topshop and a row of other brands

25th January 2021

View

TikTok is the winner of social media platforms in 2020

24th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]