{"id":412229,"date":"2021-04-27T10:26:18","date_gmt":"2021-04-27T04:56:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412229"},"modified":"2021-04-27T11:37:29","modified_gmt":"2021-04-27T06:07:29","slug":"oil-holds-drop-near-62-with-virus-flare-up-looming-over-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-drop-near-62-with-virus-flare-up-looming-over-market\/","title":{"rendered":"Oil holds drop near $62 with virus flare-up looming over market"},"content":{"rendered":"<p>Oil was steady in early Asian trading with a Covid-19 flare-up in India and other nations dragging on the near-term demand outlook, even as OPEC+ projected a strong global recovery this year. <\/p>\n<p>Futures in New York traded near $62 a barrel after slipping 0.4% on Monday. An OPEC+ technical committee raised its forecast for demand growth in 2021, but cautioned that a resurgent virus in India, Japan and Brazil could derail the oil demand recovery. The second Indian wave has been particularly deadly as it overwhelms the health-care system and cripples fuel consumption. <\/p>\n<p>Indian Oil Corp., the country\u2019s biggest refiner, is looking to offload gasoline into the spot market in a rare sale, while other processors are postponing planned maintenance at some plants as workers either flee or fall ill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil was steady in early Asian trading with a Covid-19 flare-up in India and other nations dragging on the near-term demand outlook, even as OPEC+ projected a strong global recovery this year. Futures in New York traded near $62 a barrel after slipping 0.4% on Monday. An OPEC+ technical committee raised its forecast for demand growth in 2021, but cautioned that a resurgent virus in India, Japan and Brazil could derail the oil demand recovery. The second Indian wave has been particularly deadly as it overwhelms the health-care system and cripples fuel consumption. Indian Oil Corp., the country\u2019s biggest refiner, [&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":[141,130,183],"tags":[],"class_list":["post-412229","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412229","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=412229"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412229\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}