{"id":414467,"date":"2021-05-12T08:44:56","date_gmt":"2021-05-12T03:14:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414467"},"modified":"2021-05-12T09:31:00","modified_gmt":"2021-05-12T04:01:00","slug":"opec-sticks-to-2021-oil-demand-growth-forecast-despite-indian-covid-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-sticks-to-2021-oil-demand-growth-forecast-despite-indian-covid-crisis\/","title":{"rendered":"Opec sticks to 2021 oil demand growth forecast despite Indian Covid crisis"},"content":{"rendered":"<p>OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group&#8217;s plan to gradually ease output cuts.<\/p>\n<p>The Organization of the Petroleum Exporting Countries expected demand to rise by 5.95 million barrels per day (bpd) this year, or 6.6%, its forecast unchanged from last month. <\/p>\n<p>The oil organisation, however, cut its demand forecast for the second quarter by 300,000 bpd.<\/p>\n<p>&#8220;India is currently facing severe Covid-19-related challenges and will therefore face a negative impact on its recovery in the second quarter, but it is expected to continue improving its momentum again in the second half of 2021,&#8221; OPEC said in its monthly report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group&#8217;s plan to gradually ease output cuts. The Organization of the Petroleum Exporting Countries expected demand to rise by 5.95 million barrels per day (bpd) this year, or 6.6%, its forecast unchanged from last month. The oil organisation, however, cut its demand forecast for the second quarter by 300,000 bpd. &#8220;India is currently facing severe Covid-19-related challenges and will therefore face a negative impact [&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-414467","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\/414467","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=414467"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414467\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}