Tag Archives: Reuters International News Agency

The U.S.-China trade war has caused energy demand growth to take a big hit.

Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.

OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.

The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.

Tensions in the Middle East have heightened in the wake of attacks on tankers and U.S. drones.

Turkey has sent two drilling ships. Fatih and Yavuz. as well as an exploration vessel. to operate in waters off the divided island of Cyprus.

The Americans have not achieved any success against Iran.

There is large uncertainty surrounding demand .

China has traditionally played a small role in Middle East conflicts or diplomacy despite its reliance on regional oil.

The trade war has been hitting economic growth. which tends to reduce demand for commodities such as oil.