{"id":287278,"date":"2019-08-13T07:22:11","date_gmt":"2019-08-13T07:22:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287278"},"modified":"2019-08-13T07:22:11","modified_gmt":"2019-08-13T07:22:11","slug":"iea-forecasts-drop-in-oil-demand-on-global-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iea-forecasts-drop-in-oil-demand-on-global-economic-uncertainty\/","title":{"rendered":"IEA forecasts drop in oil demand on global economic uncertainty"},"content":{"rendered":"<p>Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International Energy Agency on Friday to lower its growth forecast for oil demand for 2019 and 2020.<\/p>\n<p>\u201cThere have been concerns about the health of the global economy expressed in recent editions of this report and shown by reduced expectations for oil demand growth,\u201d the Paris-based agency said in its monthly report.<\/p>\n<p>\u201cNow, the situation is becoming even more uncertain: the US-China trade dispute remains unresolved and in September new tariffs are due to be imposed.<\/p>\n<p>It also noted the IMF\u2019s recent downgrading of its economic outlook. The IEA thus lowered its estimates for growth in global oil demand for this year by 0.1 million barrels per day to 1.1 mbd. For 2020, growth was predicted to be slightly down, by 50,000 barrels per day to 1.3 mbd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International Energy Agency on Friday to lower its growth forecast for oil demand for 2019 and 2020. \u201cThere have been concerns about the health of the global economy expressed in recent editions of this report and shown by reduced expectations for oil demand growth,\u201d the Paris-based agency said in its monthly report. \u201cNow, the situation is becoming even more uncertain: the US-China trade dispute remains unresolved and in September new tariffs are due to be imposed. It also noted the IMF\u2019s recent downgrading of [&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":[130],"tags":[],"class_list":["post-287278","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287278","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=287278"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287278\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}