{"id":352515,"date":"2020-05-21T12:19:04","date_gmt":"2020-05-21T06:49:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352515"},"modified":"2020-05-21T12:48:30","modified_gmt":"2020-05-21T07:18:30","slug":"unlike-china-india-oil-demand-stays-weak-as-economy-falters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/unlike-china-india-oil-demand-stays-weak-as-economy-falters\/","title":{"rendered":"Unlike China, India oil demand stays weak as economy falters"},"content":{"rendered":"<p>It\u2019s going to take months for oil demand in the world\u2019s third biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.<\/p>\n<p>Once the engine of global oil demand growth, India\u2019s fuel consumption collapsed by as much as 70% at one stage last month as it embarked on one of the world\u2019s most stringent nationwide quarantines. As the lockdown eases, it\u2019s now running at about 40% below last year\u2019s levels and could take until the end of 2020 to get close to full recovery, according to executives at the country\u2019s state-owned fuel retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s going to take months for oil demand in the world\u2019s third biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown. Once the engine of global oil demand growth, India\u2019s fuel consumption collapsed by as much as 70% at one stage last month as it embarked on one of the world\u2019s most stringent nationwide quarantines. As the lockdown eases, it\u2019s now running at about 40% below last year\u2019s levels and could take until the end of 2020 to get close to full recovery, according to executives [&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":[141,130,183],"tags":[],"class_list":["post-352515","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352515","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=352515"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352515\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}