The escalation of trade and economic tensions between China and the United States could significantly affect the global oil market. According to industry analysts, if the conflict deepens and China’s economic growth slows, the increase in the country’s oil demand could be halved — from 180,000 barrels per day to 90,000 barrels per day. This decline would particularly affect the diesel fuel sector, heavily used in industry and transportation, as well as the petrochemical industry, which is closely tied to exports
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