{"id":405041,"date":"2021-03-16T08:44:42","date_gmt":"2021-03-16T03:14:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405041"},"modified":"2021-03-16T09:32:21","modified_gmt":"2021-03-16T04:02:21","slug":"brent-crude-hits-70-as-china-energy-demand-outlook-brightens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-crude-hits-70-as-china-energy-demand-outlook-brightens\/","title":{"rendered":"Brent crude hits $70 as China energy demand outlook brightens"},"content":{"rendered":"<p>Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed China&#8217;s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world&#8217;s largest oil importer.<\/p>\n<p>Brent crude futures for May were steady at $69.21, down 1 cent a barrel by 1150 GMT while U.S. West Texas Intermediate crude for April was at $65.62 a barrel, up 1 cent. <\/p>\n<p>China&#8217;s industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data rose 15% from the same period a year earlier, data showed.<\/p>\n<p>&#8220;There is increasing confidence that global oil demand is rebounding as U.S. Covid-19 death toll is decreasing while China&#8217;s apparent oil demand rebounded&#8221;,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed China&#8217;s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world&#8217;s largest oil importer. Brent crude futures for May were steady at $69.21, down 1 cent a barrel by 1150 GMT while U.S. West Texas Intermediate crude for April was at $65.62 a barrel, up 1 cent. China&#8217;s industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data rose 15% from the same period a year earlier, data showed. &#8220;There is increasing confidence that global oil [&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-405041","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\/405041","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=405041"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405041\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}