Categories: Business and Banking

OPEC says global trade dispute may hit energy demand

OPEC Secretary-General Mohammad Barkindo expects global trade disputes to hit energy demand and eventually hurt economic growth.

Barkindo told reporters on Wednesday in Cape Town that OPEC was hopeful the “cloud of uncertainty” would ease soon.

The prospect of a trade stand-off between the United States and China triggered by U.S. President Donald Trump’s tariff threats against the world’s second-biggest economic power has caused jitters in markets across the world.

“The trade disputes that are emerging among some of the leading partners in the world will eventually hurt (global economic) growth and, by extension, demand for energy,” Barkindo said.

OPEC says global trade dispute may hit energy demand was last modified: September 5th, 2018 by Francis Belux
Francis Belux

Share
Published by
Francis Belux
Tags: opec

Recent Posts

Kwara people will retire Saraki from politics in 2019 – Oshiomhole

Mr Adams Oshiomhole, the All Progressives Congress (APC) National Chairman, has said that the people of Kwara will retire Sen.…

24 mins ago

Tonye Cole Shooting: Amaechi must not be killed – Eze

A chieftain of the All Progressives Congress (APC) in Rivers state, Chief Eze Chukwuemeka Eze, has appealed to the Rivers…

3 hours ago

NANS demands 26% UNESCO minimum budget allocation to education sector

The National Association of Nigerian Students (NANS) has called on government at all levels to allocate a minimum of 26…

4 hours ago

Thousands evacuated as Guatemala’s Fuego volcano erupts

Nearly 4,000 people were evacuated on Monday from areas around Guatemala’s Fuego volcano, which started erupting violently overnight, the Country’s…

4 hours ago

Nigeria Police law obsolete, existing since 1943 – Senator

Sen. Bala Na’Allah, the Deputy Majority Leader of the Senate on Monday said the nation was operating an obsolete Nigeria…

4 hours ago

China reports new African swine fever outbreak

China has confirmed new outbreak of African swine fever in its northeastern province of Heilongjiang, the Ministry of Agriculture and…

4 hours ago