{"id":305205,"date":"2019-12-12T10:35:18","date_gmt":"2019-12-12T05:05:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305205"},"modified":"2019-12-12T10:51:49","modified_gmt":"2019-12-12T05:21:49","slug":"2020-may-see-low-oil-prices-on-back-of-supplies-from-non-opec-nations-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/2020-may-see-low-oil-prices-on-back-of-supplies-from-non-opec-nations-iata\/","title":{"rendered":"2020 may see low oil prices on back of supplies from non-OPEC nations: IATA"},"content":{"rendered":"<p>Oil prices are set to stay relatively low during 2020 as the supply from the non-OPEC countries will remain plentiful and global demand weak, global airlines body IATA said on Wednesday. <\/p>\n<p>Oil prices have a massive affect on Indian airlines, as Aviation Turbine Fuel (ATF) takes around 40 per cent of the total revenues of an air carrier in India. <\/p>\n<p>&#8220;Oil prices look set to stay relatively low over the next 12 months. Supply, particularly non-OPEC, is plentiful and demand is weak,&#8221; said an economic outlook presented here by Brian Pearce, Chief Economist, International Air Transport Association (IATA). <\/p>\n<p>&#8220;Analysts expect oil inventories to rise early next year as a result. This is likely to keep oil prices stable and our assumption for 2020 is an average price for Brent Crude of USD 63 per barrel,&#8221; the economic outlook added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are set to stay relatively low during 2020 as the supply from the non-OPEC countries will remain plentiful and global demand weak, global airlines body IATA said on Wednesday. Oil prices have a massive affect on Indian airlines, as Aviation Turbine Fuel (ATF) takes around 40 per cent of the total revenues of an air carrier in India. &#8220;Oil prices look set to stay relatively low over the next 12 months. Supply, particularly non-OPEC, is plentiful and demand is weak,&#8221; said an economic outlook presented here by Brian Pearce, Chief Economist, International Air Transport Association (IATA). &#8220;Analysts expect [&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-305205","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\/305205","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=305205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}