Oil Prices Under Pressure As China's Economic Woes Worsen

Disappointing economic data out of China weighed on oil prices on Tuesday morning, with markets unsure if current government intervention is enough to rejuvenate the country's economy.Chart of the Week- In the three months since Nigeria’s President Bola Tinubu scrapped the country’s $10 billion fuel subsidy, the African country’s gasoline demand has halved to 35-40 million liters amidst tripling gas prices.- With this, one of the key gasoline export outlets of European gasoline has greatly shrunk in volume and the upcoming launch…