Oil falls on fears faltering economic growth to hit demand

© Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi By Noah Browning LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation […]

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Oil trader Vitol says prices have little room to rise in the next quarter because global demand growth is faltering

Weekend comments from Vitol Group executive committee member Chris Bake. Crude prices will have little room to rise in the next quarter the recovery in global demand slowing due to new coronavirus-related restrictions on the economy conventional wisdom going into the fourth quarter was that things were going to improve … It doesn’t feel like […]

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