WINNER PICTURE/Shutterstock Save for later Print Download Share Oil prices are struggling amid fears that the escalating US-China trade war and other Trump tariffs will seriously impede oil demand growth. The International Energy Agency is the latest body to issue a dour outlook for oil demand, cutting its anticipated growth rate by almost one-third to just 730,000 barrels per day this year. Several other agencies and banks have already slashed their oil demand forecasts and price projections in the wake of US President Donald Trump's broad slate of tariffs on China and other countries and their likely response.
