{"id":341408,"date":"2020-03-11T12:02:09","date_gmt":"2020-03-11T06:32:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341408"},"modified":"2020-03-11T12:22:56","modified_gmt":"2020-03-11T06:52:56","slug":"iea-sees-covid-19-destroying-global-oil-demand-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iea-sees-covid-19-destroying-global-oil-demand-growth\/","title":{"rendered":"IEA sees Covid-19 destroying global oil demand growth"},"content":{"rendered":"<p>Even as the energy markets are collapsing with the rapid spread of the dreaded coronavirus (Covid-19) across countries, global oil demand is set to decline in 2020, the International Energy Agency (IEA) has said in a report published from Paris today.<\/p>\n<p>The IEA sees a deep contraction in oil consumption in China as demand this year drops for the first time since 2009 following major disruptions to global trade and travel. As the world\u2019s largest energy consumer, the Asian major accounted for almost 80 per cent of the global oil demand growth last year.<\/p>\n<p>With the spread of Covid-19 well beyond China, the IEA has cut its base case global oil demand forecast by 1.1 million barrels per day (bpd).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even as the energy markets are collapsing with the rapid spread of the dreaded coronavirus (Covid-19) across countries, global oil demand is set to decline in 2020, the International Energy Agency (IEA) has said in a report published from Paris today. The IEA sees a deep contraction in oil consumption in China as demand this year drops for the first time since 2009 following major disruptions to global trade and travel. As the world\u2019s largest energy consumer, the Asian major accounted for almost 80 per cent of the global oil demand growth last year. With the spread of Covid-19 well [&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-341408","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341408","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=341408"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341408\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}