{"id":341160,"date":"2020-03-11T10:36:15","date_gmt":"2020-03-11T05:06:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341160"},"modified":"2020-03-11T10:36:15","modified_gmt":"2020-03-11T05:06:15","slug":"in-a-first-since-2009-iea-estimates-fall-in-global-oil-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/in-a-first-since-2009-iea-estimates-fall-in-global-oil-demand\/","title":{"rendered":"In a first since 2009, IEA estimates fall in global oil demand"},"content":{"rendered":"<p>NEW DELHI: In what can exacerbate the fall in energy prices, Paris-based International Energy Agency (IEA) on Monday revised lower global demand for the first time since 2009 in the backdrop of alarming spread of COVID-19, or the novel coronavirus.<\/p>\n<p>The world\u2019s premier energy monitor expects a 90,000 barrels a day decline in demand when compared with 2019, thereby reducing global oil consumption estimate to 99.9 million barrels a day in 2020.<\/p>\n<p>\u201cThis is a sharp downgrade from the IEA\u2019s forecast in February, which predicted global oil demand would grow by 825,000 barrels a day in 2020,&#8221; the Paris-based agency said in its forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In what can exacerbate the fall in energy prices, Paris-based International Energy Agency (IEA) on Monday revised lower global demand for the first time since 2009 in the backdrop of alarming spread of COVID-19, or the novel coronavirus. The world\u2019s premier energy monitor expects a 90,000 barrels a day decline in demand when compared with 2019, thereby reducing global oil consumption estimate to 99.9 million barrels a day in 2020. \u201cThis is a sharp downgrade from the IEA\u2019s forecast in February, which predicted global oil demand would grow by 825,000 barrels a day in 2020,&#8221; the Paris-based agency [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-341160","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341160","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341160"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341160\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}