{"id":402778,"date":"2021-03-03T10:52:37","date_gmt":"2021-03-03T05:22:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402778"},"modified":"2021-03-03T10:52:37","modified_gmt":"2021-03-03T05:22:37","slug":"opec-president-says-oil-market-rebalancing-pandemic-still-a-risk","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-president-says-oil-market-rebalancing-pandemic-still-a-risk\/","title":{"rendered":"OPEC president says oil market rebalancing, pandemic still a risk"},"content":{"rendered":"<p>LISBON : The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group&#8217;s president said on Tuesday.<\/p>\n<p>&#8220;Crude prices are relatively stable &#8230; we see a certain balance between demand and supply,&#8221; OPEC president Diamantino Azevedo told Reuters in an interview.<\/p>\n<p>&#8220;However, due to the pandemic situation the world is living through and with new waves arriving, we could have a situation of smaller demand due to confinements. Vaccination of the global population against COVID-19 will certainly increase demand&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LISBON : The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group&#8217;s president said on Tuesday. &#8220;Crude prices are relatively stable &#8230; we see a certain balance between demand and supply,&#8221; OPEC president Diamantino Azevedo told Reuters in an interview. &#8220;However, due to the pandemic situation the world is living through and with new waves arriving, we could have a situation of smaller demand due to confinements. Vaccination of the global population against COVID-19 will certainly [&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-402778","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\/402778","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=402778"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402778\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}