{"id":365936,"date":"2020-08-03T10:21:45","date_gmt":"2020-08-03T04:51:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365936"},"modified":"2020-08-03T11:05:56","modified_gmt":"2020-08-03T05:35:56","slug":"oil-set-for-fragile-recovery-as-economies-limp-towards-normalcy-survey","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-set-for-fragile-recovery-as-economies-limp-towards-normalcy-survey\/","title":{"rendered":"Oil set for fragile recovery as economies limp towards normalcy: Survey"},"content":{"rendered":"<p>Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second Covid-19 wave could slow the pace of recovery, a Reuters poll showed on Friday. <\/p>\n<p>The survey of 43 analysts and economists forecast benchmark Brent crude to average $41.50 a barrel in 2020, up slightly from the $40.41 consensus in last month&#8217;s survey and compared with around $42 average for the benchmark thus far this year. It is expected to average $49.85 in 2021. <\/p>\n<p>The 2020 outlook for West Texas Intermediate rose to $37.51 per barrel from June&#8217;s $36.10. <\/p>\n<p>Oil is &#8220;caught-up in a step-wise re-balancing process&#8221; with the &#8220;pieces moving in the right direction&#8221; on the supply side, said Harry Tchilinguirian, head of commodity research at BNP Paribas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second Covid-19 wave could slow the pace of recovery, a Reuters poll showed on Friday. The survey of 43 analysts and economists forecast benchmark Brent crude to average $41.50 a barrel in 2020, up slightly from the $40.41 consensus in last month&#8217;s survey and compared with around $42 average for the benchmark thus far this year. It is expected to average $49.85 in 2021. The 2020 outlook for West Texas Intermediate rose to $37.51 per barrel from June&#8217;s [&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-365936","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\/365936","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=365936"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365936\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}