{"id":396262,"date":"2021-01-20T10:53:21","date_gmt":"2021-01-20T05:23:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396262"},"modified":"2021-01-20T10:53:28","modified_gmt":"2021-01-20T05:23:28","slug":"international-energy-agency-trims-2021-oil-demand-forecast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/international-energy-agency-trims-2021-oil-demand-forecast\/","title":{"rendered":"International Energy Agency trims 2021 oil demand forecast"},"content":{"rendered":"<p>The International Energy Agency (IEA) trimmed its 2021 global oil demand forecast Tuesday as fresh coronavirus lockdowns cloud the outlook but said mass vaccination programmes should help bolster a second half rebound.<\/p>\n<p>&#8220;Global oil demand is expected to recover by 5.5 million barrels per day (mbd) to 96.6 mbd in 2021, following an unprecedented collapse of 8.8 mbd in 2020,&#8221; the IEA said in its latest monthly report.<\/p>\n<p>&#8220;For now, a resurgence in Covid-19 cases is slowing the rebound but a widespread vaccination effort and an acceleration in economic activity is expected to spur stronger growth in the second half of the year,&#8221; it said.<\/p>\n<p>&#8220;This recovery mainly reflects the impact of fiscal and monetary support packages as well as the effectiveness of steps to resolve the pandemic,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency (IEA) trimmed its 2021 global oil demand forecast Tuesday as fresh coronavirus lockdowns cloud the outlook but said mass vaccination programmes should help bolster a second half rebound. &#8220;Global oil demand is expected to recover by 5.5 million barrels per day (mbd) to 96.6 mbd in 2021, following an unprecedented collapse of 8.8 mbd in 2020,&#8221; the IEA said in its latest monthly report. &#8220;For now, a resurgence in Covid-19 cases is slowing the rebound but a widespread vaccination effort and an acceleration in economic activity is expected to spur stronger growth in the second half [&hellip;]<\/p>\n","protected":false},"author":44,"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-396262","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\/396262","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}