{"id":373860,"date":"2020-09-16T11:25:08","date_gmt":"2020-09-16T05:55:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373860"},"modified":"2020-09-16T12:27:29","modified_gmt":"2020-09-16T06:57:29","slug":"iea-says-oil-demand-recovery-set-to-slow-for-rest-of-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iea-says-oil-demand-recovery-set-to-slow-for-rest-of-2020\/","title":{"rendered":"IEA says oil demand recovery set to slow for rest of 2020"},"content":{"rendered":"<p>LONDON : The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic.<\/p>\n<p>The Paris-based IEA cut its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second downgrade in as many months.<\/p>\n<p>&#8220;We expect the recovery in oil demand to decelerate markedly in the second half of 2020, with most of the easy gains already achieved,&#8221; the IEA said in its monthly report.<\/p>\n<p>&#8220;The economic slowdown will take months to reverse completely &#8230; in addition, there is the potential that a second wave of the virus (already visible in Europe) could cut mobility once again.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON : The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The Paris-based IEA cut its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second downgrade in as many months. &#8220;We expect the recovery in oil demand to decelerate markedly in the second half of 2020, with most of the easy gains already achieved,&#8221; the IEA said in its monthly report. &#8220;The economic slowdown will take months to reverse completely &#8230; in addition, there is the potential that a [&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":[139,130,187],"tags":[],"class_list":["post-373860","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\/373860","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=373860"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373860\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}