While OPEC and Russia are busy calibrating a possible extension to their production cuts, analysts and traders have turned their attention away from oil supply concerns and are focused again on faltering economic growth and a downbeat outlook on oil demand growth. Over the past two weeks, several Wall Street investment banks have warned that the escalating U.S.-China trade war raises the odds of an economic slowdown and subsequent low oil demand growth. Some banks have already cut their oil demand growth estimates for this year, saying that oil demand could grow at its slowest pace in at least half a decade and that a darkening outlook on oil demand has been the key reason for the plunge in oil prices in May. Last month, oil prices booked their worst monthly decline since November last year, as the protracted U.S.-China trade war and soaring U.S. oil production and inventories […]