{"id":305530,"date":"2019-12-13T11:34:46","date_gmt":"2019-12-13T06:04:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305530"},"modified":"2019-12-13T11:34:46","modified_gmt":"2019-12-13T06:04:46","slug":"oil-market-oversupply-set-to-stay-despite-opec-pact-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-market-oversupply-set-to-stay-despite-opec-pact-iea\/","title":{"rendered":"Oil market oversupply set to stay despite Opec+ pact: IEA"},"content":{"rendered":"<p>Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the US and other non-OPEC countries, the International Energy Agency (IEA) said on Thursday.<\/p>\n<p>&#8220;Despite the additional curbs &#8230; and a reduction in our forecast of 2020 non-OPEC supply growth to 2.1 million barrels per day (bpd), global oil inventories could build by 700,000 bpd in Q1 2020,&#8221; the Paris-based IEA said in a monthly report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the US and other non-OPEC countries, the International Energy Agency (IEA) said on Thursday. &#8220;Despite the additional curbs &#8230; and a reduction in our forecast of 2020 non-OPEC supply growth to 2.1 million barrels per day (bpd), global oil inventories could build by 700,000 bpd in Q1 2020,&#8221; the Paris-based IEA said in a monthly report.<\/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-305530","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\/305530","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=305530"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305530\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}