{"id":349050,"date":"2020-05-01T11:39:56","date_gmt":"2020-05-01T06:09:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349050"},"modified":"2020-05-01T11:39:56","modified_gmt":"2020-05-01T06:09:56","slug":"crude-oil-prices-set-for-deeper-fall-in-2020-even-as-lockdowns-ease-poll","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-set-for-deeper-fall-in-2020-even-as-lockdowns-ease-poll\/","title":{"rendered":"Crude oil prices set for deeper fall in 2020, even as lockdowns ease: Poll"},"content":{"rendered":"<p>Oil prices are headed for further falls this year even as countries ease restrictions related to the coronavirus crisis, while output cuts by top producers will do little to fix a supply glut, a Reuters poll showed on Thursday.<\/p>\n<p>The survey of 45 analysts forecast Brent crude would average $35.84 a barrel in 2020, 7.5 per cent below the $38.76 consensus in a March survey. It has averaged $45 so far this year.<\/p>\n<p>Brent and US West Texas Intermediate crude both dived below $20 this year. Brent, the global benchmark, was trading around $25 on Thursday, more than 60 per cent lower than at the end of 2019 as lockdowns have hammered demand for fuel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are headed for further falls this year even as countries ease restrictions related to the coronavirus crisis, while output cuts by top producers will do little to fix a supply glut, a Reuters poll showed on Thursday. The survey of 45 analysts forecast Brent crude would average $35.84 a barrel in 2020, 7.5 per cent below the $38.76 consensus in a March survey. It has averaged $45 so far this year. Brent and US West Texas Intermediate crude both dived below $20 this year. Brent, the global benchmark, was trading around $25 on Thursday, more than 60 per [&hellip;]<\/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-349050","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\/349050","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=349050"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349050\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}