{"id":388661,"date":"2020-12-09T08:37:07","date_gmt":"2020-12-09T03:07:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388661"},"modified":"2020-12-09T09:18:43","modified_gmt":"2020-12-09T03:48:43","slug":"crude-oils-run-towards-50-barrel-mark-could-run-out-of-fuel-in-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oils-run-towards-50-barrel-mark-could-run-out-of-fuel-in-2021\/","title":{"rendered":"Crude oil&#8217;s run towards $50\/barrel mark could run out of fuel in 2021"},"content":{"rendered":"<p>Oil market optimism risks derailing its own recovery. The recent rise in crude prices toward $50 per barrel could harm demand and incentivise additional supply. The new normal is still some way off. Hopes that the Covid-19 vaccine will revive the global economy, coupled with the OPEC+ decision to delay bringing back much of the extra 2 million b\/d of oil planned for January, are supporting prices for now. <\/p>\n<p>Demand in key hubs \u2013 India and China \u2013 has also given the bulls something to latch on to. India appeared to turn the corner in October 2020, with oil products demand up 2.5 per cent year-on-year, ending seven straight months of decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil market optimism risks derailing its own recovery. The recent rise in crude prices toward $50 per barrel could harm demand and incentivise additional supply. The new normal is still some way off. Hopes that the Covid-19 vaccine will revive the global economy, coupled with the OPEC+ decision to delay bringing back much of the extra 2 million b\/d of oil planned for January, are supporting prices for now. Demand in key hubs \u2013 India and China \u2013 has also given the bulls something to latch on to. India appeared to turn the corner in October 2020, with oil products [&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-388661","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\/388661","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=388661"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388661\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}