{"id":278507,"date":"2019-06-14T05:08:31","date_gmt":"2019-06-14T05:08:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278507"},"modified":"2019-06-14T05:25:28","modified_gmt":"2019-06-14T05:25:28","slug":"opec-says-trade-tensions-hurting-oil-demand-slashes-consumption-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-says-trade-tensions-hurting-oil-demand-slashes-consumption-estimates\/","title":{"rendered":"OPEC says trade tensions hurting oil demand, slashes consumption estimates"},"content":{"rendered":"<p>OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.<\/p>\n<p>The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less than 1 million barrels a day in the first quarter after cutting its assessment by more than 20%. The world economy is headed for its weakest growth in a decade, buffeted by a prolonged tariff battle between the US and China.<\/p>\n<p>\u201cThroughout the first half of this year, ongoing global trade tensions have escalated,\u201d resulting in \u201cweaker growth in global oil demand,\u201d the cartel\u2019s Vienna-based secretariat said in its monthly report. \u201cThe observed slowdown in the global economy in the first half will be further challenged in the second half.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less than 1 million barrels a day in the first quarter after cutting its assessment by more than 20%. The world economy is headed for its weakest growth in a decade, buffeted by a prolonged tariff battle between the US and China. \u201cThroughout the first half of this year, ongoing global trade tensions have [&hellip;]<\/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-278507","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\/278507","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=278507"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278507\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}