In recent days, crude oil prices have come under intense downward pressure. This is attributed to renewed concerns over global growth and demand. Escalating trade war between the US and China is also weighing on the energy market.<\/p>\n
Brent slumped to $55 a barrel last week, facing significant losses week-on-week. Of course, the market recovered to $57 by Friday last and to $58 on Monday; but the headwinds have not dissipated. WTI is priced at a mere $4 a barrel lower than Brent. <\/p>\n
\u2018Fragile outlook\u2019 <\/p>\n
The International Energy Agency (IEA) has painted a somewhat negative picture about global oil demand this year and the next. IEA has revised downward its forecast of global oil demand for 2019 and 2020 because of what it calls the \u2018fragile outlook\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
In recent days, crude oil prices have come under intense downward pressure. This is attributed to renewed concerns over global growth and demand. Escalating trade war between the US and China is also weighing on the energy market. Brent slumped to $55 a barrel last week, facing significant losses week-on-week. Of course, the market recovered to $57 by Friday last and to $58 on Monday; but the headwinds have not dissipated. WTI is priced at a mere $4 a barrel lower than Brent. \u2018Fragile outlook\u2019 The International Energy Agency (IEA) has painted a somewhat negative picture about global oil demand […]<\/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":[130],"tags":[],"class_list":["post-287274","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287274","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=287274"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287274\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}