{"id":344978,"date":"2020-04-03T09:37:21","date_gmt":"2020-04-03T04:07:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344978"},"modified":"2020-04-03T09:56:17","modified_gmt":"2020-04-03T04:26:17","slug":"oil-market-shock-to-affect-global-supply-chains-energy-sector-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-market-shock-to-affect-global-supply-chains-energy-sector-iea\/","title":{"rendered":"Oil market shock to affect global supply chains, energy sector: IEA"},"content":{"rendered":"<p>The global crisis caused by the coronavirus pandemic will be felt throughout oil&#8217;s global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report https:\/\/bit.ly\/39BUOdA on Wednesday. <\/p>\n<p>Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia. <\/p>\n<p>Crude oil prices ended a volatile quarter with their biggest losses in history, and declined about 55% in March, the most on record. Prices also plunged to their lowest level since 2002 on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global crisis caused by the coronavirus pandemic will be felt throughout oil&#8217;s global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report https:\/\/bit.ly\/39BUOdA on Wednesday. Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia. Crude oil prices ended a volatile quarter with their biggest losses in history, and declined about 55% in March, the most on record. Prices also plunged to their lowest level since 2002 on Monday.<\/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-344978","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\/344978","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=344978"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344978\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}