The world will use less crude oil than expected this year due the “substantial risks” posed by Donald Trump’s trade tariffs to the global economy, according to the global energy watchdog. The International Energy Agency slashed its forecasts for global oil demand growth by a third for the year ahead, and warned that it could make further downward revisions depending on whether a trade war develops. The Paris-based agency had previously forecast that the world’s appetite for crude, which is a key economic indicator, would rise by 1.03m barrels a day this year to a record high. But after Trump’s
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