{"id":425802,"date":"2021-07-14T08:58:05","date_gmt":"2021-07-14T03:28:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425802"},"modified":"2021-07-14T10:11:54","modified_gmt":"2021-07-14T04:41:54","slug":"opec-impasse-risks-price-war-as-demand-surges-for-oil-says-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-impasse-risks-price-war-as-demand-surges-for-oil-says-iea\/","title":{"rendered":"OPEC+ impasse risks price war as demand surges for oil, says IEA"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Stalled talks by top oil producers over releasing more supply could deteriorate into a price war just as COVID-19 vaccines are sending demand for oil surging, the International Energy Agency (IEA) said on Tuesday. <\/p>\n<p>The Paris-based agency&#8217;s concern over scarce oil supply comes less than two months after it issued a landmark report warning that investors should not fund new oil, gas or coal projects if the world wants to reach net zero emissions by mid-century.<\/p>\n<p>&#8220;The possibility of a market share battle, even if remote, is hanging over markets, as is the potential for high fuel prices to stoke inflation and damage a fragile economic recovery,&#8221; the IEA said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Stalled talks by top oil producers over releasing more supply could deteriorate into a price war just as COVID-19 vaccines are sending demand for oil surging, the International Energy Agency (IEA) said on Tuesday. The Paris-based agency&#8217;s concern over scarce oil supply comes less than two months after it issued a landmark report warning that investors should not fund new oil, gas or coal projects if the world wants to reach net zero emissions by mid-century. &#8220;The possibility of a market share battle, even if remote, is hanging over markets, as is the potential for high fuel [&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-425802","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\/425802","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=425802"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425802\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}