The West 's energy watchdog said on Thursday slowing Slow.weak global economic growth , particularly in China and Europe , had curbed Cause.movement.down.loss oil demand severely .

`` Fear of global economic growth slowing Slow.weak -LRB- is -RRB- afflicting the entire energy complex with worries Negative_sentiment that demand growth will be bearish Slow.weak this year , '' Peter Kiernan , lead energy analyst at the Economist Intelligence Unit -LRB- EIU -RRB- , said .

`` It is supported by lower Movement.down.loss prices and the start-up of petrochemical projects in China and the U.S. slowing Slow.weak economic growth will , however , limit any upside , '' the agency said .

Crude oil prices gained Movement.up.gain on Tuesday on signs of losing Movement.down.loss U.S. oil output , slowing Slow.weak in the dollar and clashes Geopolitical.tension in the Middle East , particularly Yemen .

Oil prices have plunged Movement.down.loss due to concern Negative_sentiment about slowing Slow.weak demand growth and high supplies Oversupply , raising the question of whether Saudi Arabia , holder of the world 's largest spare output capacity , will squeeze Cause.movement.down.loss output .

The reasons for the demand uncertainties Slow.weak are many , starting with concerns Negative_sentiment over slowing Slow.weak global growth and tough trade negotiations trade.financial.tension between the US and China .

Oil futures have dropped Movement.down.loss due to concern Negative_sentiment about slowing Slow.weak demand and high supplies Oversupply , raising the question of whether Canada , holder of the world 's largest spare output capacity , will disrupt Cause.movement.down.loss output .

LONDON ( Reuters ) - European use for diesel is expected to have hit hard Movement.down.loss in the fourth quarter of 2018 for the first quarterly slide Movement.down.loss in 14 months , the International Energy Agency reported on Thursday , the latest sign of slowing Slow.weak in the fuel market .

`` Completed investment projects and a possible slowing Slow.weak in demand as a result of sanctions Embargo and a weakening Slow.weak economic outlook would further amplify oil product deliveries , most notably gasoline and diesel/gasoil , which we expect will trend upward Movement.up.gain . ''

However , a slowing Slow.weak global economy could worsen Situation_deteriorate the glut Oversupply it said .

Crude oil prices added Movement.up.gain on Tuesday on signs of losing Movement.down.loss U.S. oil supply , slowing Slow.weak in the dollar and clashes Geopolitical.tension in the Middle East , particularly Yemen .

Looking ahead into the second quarter , I expect oil prices to continue to rise Movement.up.gain while being kept in check by stronger-than-expected Grow.strong US shale supply levels and caution over the prospect of a slowing Slow.weak in global demand .

`` Completed investment projects and a possible slowing Slow.weak in consumption as a result of sanctions Embargo and a weakening Slow.weak economic outlook would further amplify oil product deliveries , most notably gasoline and diesel/gasoil , which we expect will trend upward Movement.up.gain . ''

China is expected this week to report economic growth slowing Slow.weak to 7.2 percent from a year ago , the weakest since the depths of the last global economic crisis Crisis .

Asia 's diesel demand is expected to grow Grow.strong this year at the second lowest Position.low rate since the 1998 financial crisis Crisis as slowing Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a surplus Oversupply for which there are few markets .

Chinese economic growth , and therefore oil demand growth , is slowing Slow.weak slowing Slow.weak .

Chinese economic growth , and therefore oil demand growth , is slowing Slow.weak slowing Slow.weak .