{"id":378499,"date":"2020-10-15T09:14:11","date_gmt":"2020-10-15T03:44:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378499"},"modified":"2020-10-15T09:46:43","modified_gmt":"2020-10-15T04:16:43","slug":"oil-producers-may-struggle-to-gauge-demand-amid-second-wave-of-coronavirus-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-producers-may-struggle-to-gauge-demand-amid-second-wave-of-coronavirus-iea\/","title":{"rendered":"Oil producers may struggle to gauge demand amid second wave of coronavirus: IEA"},"content":{"rendered":"<p>Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the market. <\/p>\n<p>OPEC+ producers &#8211; OPEC members and others including Russia &#8211; plan to boost supply by 2 million barrels per day (bpd) from January and the IEA predicts a ceasefire in Libya will raise output there to 700,000 bpd in December from 300,000 bpd currently.<\/p>\n<p>&#8220;There is only limited headroom for the market to absorb extra supply in the next few months,&#8221; the IEA said in its monthly report. &#8220;Those wishing to bring about a tighter oil market are looking at a moving target.&#8221;<\/p>\n<p>OPEC+ producers are currently cutting output by 7.7 million bpd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the market. OPEC+ producers &#8211; OPEC members and others including Russia &#8211; plan to boost supply by 2 million barrels per day (bpd) from January and the IEA predicts a ceasefire in Libya will raise output there to 700,000 bpd in December from 300,000 bpd currently. &#8220;There is only limited headroom for the market to absorb extra supply in the next few [&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-378499","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\/378499","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=378499"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378499\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}