A Worrying Indicator Of Looming Oil Demand Destruction ...Middle East

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A Worrying Indicator Of Looming Oil Demand Destruction
source : OILPRICE ( Middle East ) () 34
Global maritime trade growth is slowing, the latest data shows, in a sign that the global economic slowdown is underway and a recession in major markets could soon materialize, threatening oil demand. The latest Goods Trade Barometer from the World Trade Organization (WTO) showed at the end of August that global trade growth is stagnating. The indicator “was steady but below the recent trend line for merchandise trade, suggesting that global goods trade continued to grow in the second quarter of 2022 but that the pace of growth was slower…

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