{"id":264711,"date":"2019-03-16T06:35:39","date_gmt":"2019-03-16T06:35:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264711"},"modified":"2019-03-16T06:35:39","modified_gmt":"2019-03-16T06:35:39","slug":"oil-demand-concerns-overdone-brent-to-rise-above-70-goldman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-demand-concerns-overdone-brent-to-rise-above-70-goldman\/","title":{"rendered":"Oil demand concerns overdone, Brent to rise above $70: Goldman"},"content":{"rendered":"<p>Higher oil demand coupled with declining production and supply cuts could help Brent prices rally above $70 per barrel in the near term, Goldman Sachs said. <\/p>\n<p>Demand is off to a strong start in 2019, with recent oil data suggesting current demand concerns should ease further, Goldman said in a note on Thursday. <\/p>\n<p>Based on available demand data that shows an increase in consumption in January of 1.55 million barrels per day (bpd) from a year earlier, the U.S. bank estimates that overall global demand increased by nearly 2 million bpd during the month. This growth was visible in both emerging and developed markets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher oil demand coupled with declining production and supply cuts could help Brent prices rally above $70 per barrel in the near term, Goldman Sachs said. Demand is off to a strong start in 2019, with recent oil data suggesting current demand concerns should ease further, Goldman said in a note on Thursday. Based on available demand data that shows an increase in consumption in January of 1.55 million barrels per day (bpd) from a year earlier, the U.S. bank estimates that overall global demand increased by nearly 2 million bpd during the month. This growth was visible in both [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-264711","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264711","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264711"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264711\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}