{"id":414539,"date":"2021-05-12T10:31:28","date_gmt":"2021-05-12T05:01:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414539"},"modified":"2021-05-12T11:09:30","modified_gmt":"2021-05-12T05:39:30","slug":"opec-sticks-to-2021-oil-demand-growth-forecast-despite-indian-covid-crisis-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-sticks-to-2021-oil-demand-growth-forecast-despite-indian-covid-crisis-2\/","title":{"rendered":"OPEC sticks to 2021 oil demand growth forecast despite Indian COVID crisis"},"content":{"rendered":"<p>LONDON : 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>LONDON : 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 [&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-414539","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\/414539","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=414539"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414539\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}