Economic headwinds have yet to significantly erode the world’s demand for oil, top oil traders said at the Argus European Crude Conference in Geneva on Tuesday. The forecasts by senior executives of the world’s main commodity trading houses may buttress the case for more resilient oil prices after recession fears sent them plunging by around a quarter in the last three months to near $90 a barrel. “All the different factors suggest, yes, we may be heading into a slowdown but it will be shorter and shallower than people are expecting,” Trafigura’s chief economist Saad Rahim said. The falling oil prices and months of severe volatility have spooked the market, with major consumer countries still tapping strategic stocks to cool prices while top exporters in the OPEC+ alliance may take […]