Oil prices may fall further on China slowdown, IEA chief says

Oil prices may fall further on China slowdown, IEA chief says
# 23 April 2025 15:43 (UTC +04:00)

Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency, Fatih Birol, said, APA reports citing Bloomberg.

While crude futures have recovered over the past two weeks to trade near $68 a barrel on London, they remain roughly 9% below levels traded before President Donald Trump announced a blizzard of tariffs on China and other nations on April 2.

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