{"id":365328,"date":"2020-07-29T11:43:54","date_gmt":"2020-07-29T06:13:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365328"},"modified":"2020-07-29T11:43:54","modified_gmt":"2020-07-29T06:13:54","slug":"end-game-for-oil-opec-prepares-for-an-age-of-dwindling","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/end-game-for-oil-opec-prepares-for-an-age-of-dwindling\/","title":{"rendered":"End game for oil? OPEC prepares for an age of dwindling"},"content":{"rendered":"<p>LONDON : The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.<\/p>\n<p>The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand.<\/p>\n<p>It has prompted some officials in the Organization of the Petroleum Exporting Countries, oil&#8217;s most powerful proponent since it was founded 60 years ago, to ask whether this year&#8217;s dramatic demand destruction heralds a permanent shift and how best to manage supplies if the age of oil is drawing to a close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON : The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. It has prompted some officials in the Organization of the Petroleum Exporting Countries, oil&#8217;s most powerful proponent since it was founded 60 years ago, to ask whether this year&#8217;s dramatic demand destruction heralds a permanent [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-365328","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365328","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365328"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365328\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}