{"id":234056,"date":"2019-02-14T05:20:05","date_gmt":"2019-02-14T05:20:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=234056"},"modified":"2019-02-14T06:34:06","modified_gmt":"2019-02-14T06:34:06","slug":"global-oil-supply-to-swamp-demand-in-2019-despite-output-cuts-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-oil-supply-to-swamp-demand-in-2019-despite-output-cuts-iea\/","title":{"rendered":"Global oil supply to swamp demand in 2019 despite output cuts: IEA"},"content":{"rendered":"<p>The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group&#8217;s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.<\/p>\n<p>The IEA left its demand growth forecast for 2019 unchanged from its last report in January at 1.4 million barrels per day. <\/p>\n<p>&#8220;It is supported by lower prices and the start-up of petrochemical projects in China and the US Slowing economic growth will, however, limit any upside,&#8221; the agency said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group&#8217;s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday. The IEA left its demand growth forecast for 2019 unchanged from its last report in January at 1.4 million barrels per day. &#8220;It is supported by lower prices and the start-up of petrochemical projects in China and the US Slowing economic growth will, however, limit any upside,&#8221; the agency said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-234056","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=234056"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234056\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=234056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=234056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=234056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}