Despite avoiding a major global recession, higher tariffs are expected to slow world oil demand sharply in 2025, according to S&P Global Commodity Insights. The group now forecasts demand growth of 635,000 barrels a day — less than half the 1.3 million b/d projected before U.S. President Donald Trump’s April tariff announcements.
Major traders have echoed the softer outlook. Glencore reported an 88% year-on-year drop in energy and steelmaking coal trade in the first half, while Trafigura warned markets could slow further following preemptive buying ahead of tariffs.
S&P notes that the stability of tariff policy will be key, with upcoming decisions on Mexico, China and Russian trade partners likely to shape the global demand picture.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about tariff shock sends 2025 oil demand growth to less than half earlier forecasts was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Tariff shock sends 2025 oil demand growth to less than half earlier forecasts )
Also on site :
- Beach Hazards Statement issued October 4 at 10:46AM PDT until October 9 at 11:00PM PDT by NWS Los Angeles/Oxnard CA
- Air Force removes all bombers from British base and redeploys them to the U.S. after a planned terror attack linked to Iran was foiled
- Newport Beach Film Fest: ‘Furious’ Star Emmy Rossum Will Receive TV Performance Award, Guest on Live Episode of ‘Awards Chatter’ Pod