{"id":414536,"date":"2021-05-12T10:29:17","date_gmt":"2021-05-12T04:59:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414536"},"modified":"2021-05-12T11:07:47","modified_gmt":"2021-05-12T05:37:47","slug":"indias-oil-demand-spared-2020s-collapse-despite-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-demand-spared-2020s-collapse-despite-covid-19-crisis\/","title":{"rendered":"India\u2019s oil demand spared 2020\u2019s collapse despite Covid-19 crisis"},"content":{"rendered":"<p>The brutal Covid-19 wave sweeping across India tallying grim daily records has surpassed the severity of the 2020 outbreak. On the surface, the near-term outlook looks bleak for oil refiners, but a closer look reveals marked differences between this year\u2019s situation and the last. <\/p>\n<p>While a raft of bearish calls predicting even worse demand this month has emerged after fuel consumption plunged in April, here are some reasons why India\u2019s oil refiners and fuel marketers are better off this year, despite the virus tearing through one of the world\u2019s most populous countries. <\/p>\n<p>The Big Lockdown <\/p>\n<p>A snap nationwide lockdown implemented early last year to curb the spread of the initial wave crippled the economy,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The brutal Covid-19 wave sweeping across India tallying grim daily records has surpassed the severity of the 2020 outbreak. On the surface, the near-term outlook looks bleak for oil refiners, but a closer look reveals marked differences between this year\u2019s situation and the last. While a raft of bearish calls predicting even worse demand this month has emerged after fuel consumption plunged in April, here are some reasons why India\u2019s oil refiners and fuel marketers are better off this year, despite the virus tearing through one of the world\u2019s most populous countries. The Big Lockdown A snap nationwide lockdown implemented [&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":[139,130,187],"tags":[],"class_list":["post-414536","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414536","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=414536"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414536\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}