{"id":414978,"date":"2021-05-15T09:02:33","date_gmt":"2021-05-15T03:32:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414978"},"modified":"2021-05-15T09:54:21","modified_gmt":"2021-05-15T04:24:21","slug":"platts-cuts-indias-2021-oil-demand-by-28-sees-crude-topping-70","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/platts-cuts-indias-2021-oil-demand-by-28-sees-crude-topping-70\/","title":{"rendered":"Platts cuts India&#8217;s 2021 oil demand by 28%; sees crude topping $70"},"content":{"rendered":"<p>S&amp;P Global Platts has cut India\u2019s demand for oil &amp; gas amid the second wave of Covid cases that have triggered lockdowns across key states since the past few weeks. For 2021, it now pegs the oil demand growth at 350,000 barrels per day (b\/d), down from a forecast of 485,000 b\/d made in February \u2013 translating into a fall of nearly 28 per cent. India&#8217;s city gas demand, Platts said, could drop by 25 \u2013 30 per cent in the coming months. <\/p>\n<p>\u201cSince the dramatic escalation of new cases in mid-to-late February, we have revised down India\u2019s oil demand forecast by 135,000 b\/d for 2021 \u2013 with downward adjustment of 175,000 b\/d for April, 760,000 b\/d for May, 830,000 b\/d for June and 360,000 b\/d for July \u2013<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Platts has cut India\u2019s demand for oil &amp; gas amid the second wave of Covid cases that have triggered lockdowns across key states since the past few weeks. For 2021, it now pegs the oil demand growth at 350,000 barrels per day (b\/d), down from a forecast of 485,000 b\/d made in February \u2013 translating into a fall of nearly 28 per cent. India&#8217;s city gas demand, Platts said, could drop by 25 \u2013 30 per cent in the coming months. \u201cSince the dramatic escalation of new cases in mid-to-late February, we have revised down India\u2019s oil demand [&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-414978","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\/414978","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=414978"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414978\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}