{"id":392707,"date":"2021-01-01T09:21:52","date_gmt":"2021-01-01T03:51:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392707"},"modified":"2021-01-01T10:01:25","modified_gmt":"2021-01-01T04:31:25","slug":"covid-ravaged-oil-market-collapses-by-a-fifth-in-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-ravaged-oil-market-collapses-by-a-fifth-in-2020\/","title":{"rendered":"Covid-ravaged oil market collapses by a fifth in 2020"},"content":{"rendered":"<p>World oil prices slumped by more than a fifth this year as deadly coronavirus savaged the world&#8217;s appetite for crude, despite a vaccine-driven upturn at the end of 2020. <\/p>\n<p>Europe&#8217;s benchmark contract North Sea crude stood at $51.13 per barrel in mid-afternoon deals on Thursday. That was a hefty 22.5 percent lower than the same stage a year earlier.<\/p>\n<p>The oil market had begun 2020 on the front foot, with prices rising as simmering tensions in the crude-rich Middle East region threatened to disrupt valuable supplies. <\/p>\n<p>Oil spiked in early January, with Brent soaring as high as $71.75 after US President Donald Trump ordered the drone assassination of Iran&#8217;s top general Qasem Soleimani.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World oil prices slumped by more than a fifth this year as deadly coronavirus savaged the world&#8217;s appetite for crude, despite a vaccine-driven upturn at the end of 2020. Europe&#8217;s benchmark contract North Sea crude stood at $51.13 per barrel in mid-afternoon deals on Thursday. That was a hefty 22.5 percent lower than the same stage a year earlier. The oil market had begun 2020 on the front foot, with prices rising as simmering tensions in the crude-rich Middle East region threatened to disrupt valuable supplies. Oil spiked in early January, with Brent soaring as high as $71.75 after US [&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-392707","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\/392707","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=392707"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392707\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}