ICYMI – OPEC slashed its global oil demand growth forecast, citing tariffs

Adam has the info on demand destruction posted on Monday here, ICYMI:

• OPEC lowers its demand growth forecast this year

I posted a while back on the despair in the US fossil fuel sector:

• administration’s chaos is a disaster for the commodity markets. “Drill, baby, drill” is nothing short of a myth and populist rallying cry.
• Oil producers starting to hold back capital – “the opposite of what the president wants”

This article was written by Eamonn Sheridan at www.forexlive.com.