{"id":373615,"date":"2020-09-15T09:20:11","date_gmt":"2020-09-15T03:50:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373615"},"modified":"2020-09-15T09:42:54","modified_gmt":"2020-09-15T04:12:54","slug":"oil-industry-paints-grimmer-picture-of-covid-19-pandemics-harm-to-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-industry-paints-grimmer-picture-of-covid-19-pandemics-harm-to-demand\/","title":{"rendered":"Oil industry paints grimmer picture of Covid-19 pandemic&#8217;s harm to demand"},"content":{"rendered":"<p>Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic&#8217;s ongoing assault on the global economy. <\/p>\n<p>The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption rebounded in the summer, but some countries where infections were under control are seeing a resurgence in the deadly virus, sparking waves of lockdowns that could hamper the recovery. <\/p>\n<p>&#8220;Risks remain elevated and skewed to the downside, particularly in relation to the development of Covid-19 infection cases and potential vaccines,&#8221; said the Organization of the Petroleum Exporting Countries, in its monthly report released on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic&#8217;s ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption rebounded in the summer, but some countries where infections were under control are seeing a resurgence in the deadly virus, sparking waves of lockdowns that could hamper the recovery. &#8220;Risks remain elevated and skewed to the downside, particularly in relation to the development of Covid-19 infection cases and [&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":[146,130,177],"tags":[],"class_list":["post-373615","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373615","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=373615"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373615\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}