Published: Apr 23, 2025, 05:10 IST | Updated: Apr 23, 2025, 05:10 IST
Oil prices are expected to decline sharply later this year, mirrorring recent trends...This comes as escalating trade tensions between the united states and china reduce global demand. According to rystad energy, a prolonged trade war could cut china's oil demand growth in half and lower its gdp growth by about 1 percent.