Trump aims to to recalibrate US trading conditions with other nations
Opec and IEA bristle at Trump's trade posturing
The IEA and Opec say Trump’s trade plans are a threat to global growth
Protectionist measures like tariffs and trade wars threaten to undermine global economic growth and limit oil demand, the major oil organisations wrote this week in thinly veiled swipes at US president Trump’s recent trade manoeuvres. In its monthly update, the International Energy Agency noted strong growth in global trade to 4.7% in 2017, from just 2.5% the previous year, saying this likely explains a robust 1.8% increase in global gasoil demand in 2017. Opec this week also said global economic growth “has recovered significantly” and is now forecast at 3.8% this year. “Given the improvements in economic activity across the world, oil demand will be well supported in 2018.” But both see a
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
