IEA: Weak demand, particularly from China, still pushing oil prices lower

Capt. John

The closely watched monthly report of the International Energy Agency should bring happiness to consumers of diesel fuel, because almost nothing in it would suggest a significant increase in prices is in the offing.

If there is anything in the report that a transportation company might find discouraging, it could be a conclusion that the global slowdown in oil demand, which the IEA sees as the key factor in keeping prices under pressure, may reflect weakness in economic conditions, rather than a...

https://www.freightwaves.com/news/iea-weak-demand-particularly-from-china-still-pushing-oil-prices-lower

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