<p class="title">Mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said on Friday.</p>.<p class="bodytext">"The situation is becoming even more uncertain global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.</p>.<p class="bodytext">The Paris-based agency said that compared with the same month in 2018, global demand fell by 160,000 barrels per day (bpd) in May - the second year-on-year fall of 2019.</p>.<p class="bodytext">From January to May, oil demand increased by 520,000 BPD, marking the lowest rise for that period since 2008.</p>.<p class="bodytext">"The prospects for a political agreement between China and the United States on trade have worsened. This could lead to reduced trade activity and less oil demand growth," the IEA said.</p>
<p class="title">Mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said on Friday.</p>.<p class="bodytext">"The situation is becoming even more uncertain global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.</p>.<p class="bodytext">The Paris-based agency said that compared with the same month in 2018, global demand fell by 160,000 barrels per day (bpd) in May - the second year-on-year fall of 2019.</p>.<p class="bodytext">From January to May, oil demand increased by 520,000 BPD, marking the lowest rise for that period since 2008.</p>.<p class="bodytext">"The prospects for a political agreement between China and the United States on trade have worsened. This could lead to reduced trade activity and less oil demand growth," the IEA said.</p>