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Prolonged Trade War May Wipe Out 50% Of China’s Oil Demand Growth [Forbes]
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centers and higher crude production . But the first of these three factors could have an outsized impact on China, according to one market analysis outfit. In a note to clients on Monday, Rystad Energy said a prolonged trade war carries the potential of wiping out half of China's oil demand growth. Were such a scenario to materialize, the slump in global oil prices will likely be inescapably huge. Should downside risks to the country's outlook materialize, Rystad's analysis points to China's projected 2025 oil demand growth of 180,000 barrels per day falling by 50%, “The ongoing trade war has upended markets' global economic outlook, hitting commodity prices and changing the oil demand outlook . The uncertainties of U.S. President Donald Trump's tariff policies disrupted the markets' original trajectory and posed concerns over the macro economy and demand outlooks,” Rystad told clients. Before Trump Tariffs introduced a seismic shock to the global economy, China's Q1 2025 GDP
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