{"id":346054,"date":"2020-04-09T09:37:46","date_gmt":"2020-04-09T04:07:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346054"},"modified":"2020-04-09T09:44:27","modified_gmt":"2020-04-09T04:14:27","slug":"brent-can-jump-to-40-by-2020-end-india-should-stockpile-crude-oil-now","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-can-jump-to-40-by-2020-end-india-should-stockpile-crude-oil-now\/","title":{"rendered":"Brent can jump to $40 by 2020-end; India should stockpile crude oil now"},"content":{"rendered":"<p>Oil storage is about the only thing in demand in the crude market right now. The coronavirus (Covid-19) pandemic has obliterated consumption and forced producers and traders to store more oil on the water as land-based facilities near tank tops. While India will fill its caverns with crude, the lack of space means it\u2019s also an opportunity lost. <\/p>\n<p>The world\u2019s third biggest oil importer is planning to fill up its strategic petroleum reserves (SPRs) in the coming months. India\u2019s combined capacity of 5.33 million metric tons (mmt) in three locations in southern India \u2013 Vishakhapatnam, Mangalore and Padur \u2013 is just over half full.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil storage is about the only thing in demand in the crude market right now. The coronavirus (Covid-19) pandemic has obliterated consumption and forced producers and traders to store more oil on the water as land-based facilities near tank tops. While India will fill its caverns with crude, the lack of space means it\u2019s also an opportunity lost. The world\u2019s third biggest oil importer is planning to fill up its strategic petroleum reserves (SPRs) in the coming months. India\u2019s combined capacity of 5.33 million metric tons (mmt) in three locations in southern India \u2013 Vishakhapatnam, Mangalore and Padur \u2013 is [&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-346054","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\/346054","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=346054"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346054\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}