{"id":412823,"date":"2021-04-30T09:07:25","date_gmt":"2021-04-30T03:37:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412823"},"modified":"2021-04-30T09:52:14","modified_gmt":"2021-04-30T04:22:14","slug":"indias-covid-19-crisis-may-lead-to-oil-supply-glut-says-rystad-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-covid-19-crisis-may-lead-to-oil-supply-glut-says-rystad-energy\/","title":{"rendered":"India&#8217;s Covid-19 crisis may lead to oil supply glut, says Rystad Energy"},"content":{"rendered":"<p>The steep rise of Covid-19 infections in India will slash global demand for oil, leading to a sizeable glut, Norway&#8217;s biggest independent energy consultancy Rystad said. <\/p>\n<p>The struggle in India, one of the world&#8217;s largest oil consumer, will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market, according to the energy consultancy.<\/p>\n<p>&#8220;As infections continue to rise and its health system is overwhelmed, India&#8217;s oil demand could lose more ground going forward, making further downgrades possible, both on magnitude and duration,&#8221; Louise Dickson, senior oil markets analyst at Rystad said in a note dated April 28.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The steep rise of Covid-19 infections in India will slash global demand for oil, leading to a sizeable glut, Norway&#8217;s biggest independent energy consultancy Rystad said. The struggle in India, one of the world&#8217;s largest oil consumer, will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market, according to the energy consultancy. &#8220;As infections continue to rise and its health system is overwhelmed, India&#8217;s oil demand could lose more ground going forward, making further downgrades possible, both on magnitude and duration,&#8221; Louise Dickson, [&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":[146,130,177],"tags":[],"class_list":["post-412823","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412823","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=412823"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412823\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}