{"id":331676,"date":"2020-01-31T10:21:41","date_gmt":"2020-01-31T04:51:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331676"},"modified":"2020-01-31T10:46:45","modified_gmt":"2020-01-31T05:16:45","slug":"global-oil-demand-could-nearly-halve-if-coronavirus-threat-escalates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-oil-demand-could-nearly-halve-if-coronavirus-threat-escalates\/","title":{"rendered":"Global oil demand could nearly halve if coronavirus threat escalates"},"content":{"rendered":"<p>Global crude oil demand could drop as much as 42 per cent to 0.77 million barrels per day (million b\/d) from the current estimated 1.33 million b\/d in February 2020 on a year-on-year basis if the Wuhan virus, or the crononavirus as it is also known, spreads more, says a note from S&amp;P Global Platts. <\/p>\n<p>&#8220;In the worst case, global demand growth will remain negative until May. In best case, it would bounce back to positive in March. Yet, notice worst-case is \u2013 for now \u2013 assumed recession-free. In worst-case, demand reduction would be comparable to a major slowdown. In best-case, it would be similar to a three-month warm winter effect,\u201d S&amp;P Global Platts note said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global crude oil demand could drop as much as 42 per cent to 0.77 million barrels per day (million b\/d) from the current estimated 1.33 million b\/d in February 2020 on a year-on-year basis if the Wuhan virus, or the crononavirus as it is also known, spreads more, says a note from S&amp;P Global Platts. &#8220;In the worst case, global demand growth will remain negative until May. In best case, it would bounce back to positive in March. Yet, notice worst-case is \u2013 for now \u2013 assumed recession-free. In worst-case, demand reduction would be comparable to a major slowdown. In [&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-331676","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\/331676","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=331676"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331676\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}