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Opinion

US-China trade war creates uncertainty on oil demand

Economic slowdown could dent crude prices

| North Korea
The OPEC and non-OPEC coalition needs to be keen and flexible about output adjustment to rebalance the oil market in an increasingly uncertain world.   © Reuters

The oil market has been on a wild ride this year, with crude prices at one point rocketing to highs not seen in three years and in recent weeks, suffering record one-day plunges. The increased volatility has stoked anxiety among major producing as well as consuming countries. Within an already complicated picture, the trade war between the U.S. and China has created uncertainty on oil demand that can be neither properly analyzed nor ignored.   

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