The treat of tariffs is weighing on the world 's largest energy consumer China , and escalated last month when U.S. President Donald Trump raised Cause.movement.up.gain tariffs on some Chinese imports to 25 % from 10 % and threatened levies on all Chinese goods .

The IEA raised Cause.movement.up.gain its estimate of supply growth from outside the Organization of the Petroleum Exporting Countries to 1.8 million bpd in 2019 , from 1.6 million bpd previously .

OPEC has raised Cause.movement.up.gain its 2014 demand forecast 29.76 million bpd , comfortably inside its ceiling , but the International Energy Agency , representing the United States and leading industrialized oil consumers , sees a tighter fit of around 30 million bpd .