{"id":369819,"date":"2020-08-25T12:06:53","date_gmt":"2020-08-25T06:36:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369819"},"modified":"2020-08-25T12:41:54","modified_gmt":"2020-08-25T07:11:54","slug":"demand-squeeze-in-india-reduced-opec-share-in-oil-imports","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/demand-squeeze-in-india-reduced-opec-share-in-oil-imports\/","title":{"rendered":"Demand squeeze in India reduced OPEC share in oil imports"},"content":{"rendered":"<p>The Covid-19 disruptions have changed the structure of the country\u2019s oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July. <\/p>\n<p>As per data with industry sources, the oil cartel\u2019s share in India\u2019s oil imports fell to about 67 per cent in July as against highs of 75-80 per cent maintained earlier. While the share of OPEC crude has been reducing for some time in wake of India expanding its oil import basket to include newer territories in Africa, South and North America, the fall in July has come in wake of Covid-19 which has squeezed demand in the domestic market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Covid-19 disruptions have changed the structure of the country\u2019s oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July. As per data with industry sources, the oil cartel\u2019s share in India\u2019s oil imports fell to about 67 per cent in July as against highs of 75-80 per cent maintained earlier. While the share of OPEC crude has been reducing for some time in wake of India expanding its oil import basket to include newer territories in Africa, South and North America, the fall in July has come in [&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":[130,211,144],"tags":[],"class_list":["post-369819","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369819","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=369819"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369819\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}