China, the world's largest importer of oil, reported its slowest economic growth since early 2023, exacerbating concerns about energy demand in the world’s second-largest economy. The slowdown, alongside a staggering 42% surge in electric vehicle (EV) sales in August
Oil prices remained near a two-week low on Wednesday, following a 7% decline over the previous three days due to forecasts of reduced demand growth and easing concerns over the ongoing conflict in the Middle East.