Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is likely to moderate, especially for distillates like diesel. Economic growth remains strong in the United States, but in much of the rest of the world clear signs of slackening momentum have emerged since the start of the year. ( tmsnrt.rs/2P8CShp ) Strong and synchronized global growth in 2017 has given way to a weaker and more varied picture in 2018 and 2019, which is likely to be less supportive for oil consumption and prices: These trade-oriented indicators are all correlated closely with one another and with the rate of expansion in the world economy – and they […]