Oil demand signals are flashing red as price dives toward $50

World News: . []

Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from making plastics have been sinking while refining margins in Europe recently hit multiyear lows.

Read More: https://www.engineeringnews.co.za/article/oil-demand-signals-are-flashing-red-as-price-dives-toward-50-2019-06-12

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