{"id":361154,"date":"2020-07-04T10:27:10","date_gmt":"2020-07-04T04:57:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361154"},"modified":"2020-07-04T10:46:35","modified_gmt":"2020-07-04T05:16:35","slug":"crude-oil-can-hit-50-bbl-in-2021-gas-demand-to-pick-up-in-india-analysts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-can-hit-50-bbl-in-2021-gas-demand-to-pick-up-in-india-analysts\/","title":{"rendered":"Crude oil can hit $50\/bbl in 2021; gas demand to pick up in India: Analysts"},"content":{"rendered":"<p>Despite the pick-up in economic activity around the globe after lockdowns triggered by the Covid-19 pandemic, Brent crude oil prices are likely to remain range-bound between $35 \u2013 40 per barrel till the third quarter of the current calendar year 2021 (CY21), but move up to $45 \u2013 50\/barrel in the second half of CY21, suggests a note by S&amp;P Global Platts. West Texas Intermediate (WTI) crude prices, on the other hand, are likely to hover between $40 \u2013 45\/barrel by then. Currently, Brent prices are hovering around the $42\/barrel mark. <\/p>\n<p>\u201cOil balances have been tightening with demand improving from April lows just as the supply response kicked in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the pick-up in economic activity around the globe after lockdowns triggered by the Covid-19 pandemic, Brent crude oil prices are likely to remain range-bound between $35 \u2013 40 per barrel till the third quarter of the current calendar year 2021 (CY21), but move up to $45 \u2013 50\/barrel in the second half of CY21, suggests a note by S&amp;P Global Platts. West Texas Intermediate (WTI) crude prices, on the other hand, are likely to hover between $40 \u2013 45\/barrel by then. Currently, Brent prices are hovering around the $42\/barrel mark. \u201cOil balances have been tightening with demand improving from [&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-361154","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\/361154","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=361154"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361154\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}