{"id":347107,"date":"2020-04-17T11:41:44","date_gmt":"2020-04-17T06:11:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347107"},"modified":"2020-04-17T11:41:44","modified_gmt":"2020-04-17T06:11:44","slug":"opec-says-oil-market-undergoing-historic-shock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-says-oil-market-undergoing-historic-shock\/","title":{"rendered":"OPEC says oil market undergoing &#8216;historic shock&#8217;"},"content":{"rendered":"<p>Paris: The OPEC oil cartel said Thursday that the world market for crude is undergoing an unprecedented jolt due to coronavirus mitigation measures that have decimated demand.<\/p>\n<p>&#8220;The oilNSE 1.72 % market is currently undergoing a historic shock that is abrupt, extreme and at global scale,&#8221; said the group of producer nations in its latest monthly report.<\/p>\n<p>The cartel now forecasts a &#8220;historical drop&#8221; of around 6.8 million barrels per day (mbd) in average daily demand for 2020.<\/p>\n<p>It sees worse contraction of about 20 mbd in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paris: The OPEC oil cartel said Thursday that the world market for crude is undergoing an unprecedented jolt due to coronavirus mitigation measures that have decimated demand. &#8220;The oilNSE 1.72 % market is currently undergoing a historic shock that is abrupt, extreme and at global scale,&#8221; said the group of producer nations in its latest monthly report. The cartel now forecasts a &#8220;historical drop&#8221; of around 6.8 million barrels per day (mbd) in average daily demand for 2020. It sees worse contraction of about 20 mbd in April.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-347107","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347107","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347107"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347107\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}