{"id":402873,"date":"2021-03-03T12:21:04","date_gmt":"2021-03-03T06:51:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402873"},"modified":"2021-03-03T12:21:04","modified_gmt":"2021-03-03T06:51:04","slug":"opec-president-says-oil-market-rebalancing-pandemic-still-a-risk-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-president-says-oil-market-rebalancing-pandemic-still-a-risk-2\/","title":{"rendered":"OPEC president says oil market rebalancing, pandemic still a risk"},"content":{"rendered":"<p> 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>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 increase demand&#8221;.<\/p>\n","protected":false},"author":39,"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-402873","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\/402873","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402873"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402873\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}