{"id":430496,"date":"2021-08-13T08:50:30","date_gmt":"2021-08-13T03:20:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430496"},"modified":"2021-08-13T10:08:20","modified_gmt":"2021-08-13T04:38:20","slug":"iea-cuts-oil-demand-outlook-on-coronavirus-sees-surplus-in-2022","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iea-cuts-oil-demand-outlook-on-coronavirus-sees-surplus-in-2022\/","title":{"rendered":"IEA cuts oil demand outlook on coronavirus, sees surplus in 2022"},"content":{"rendered":"<p>The International Energy Agency cut forecasts for global oil demand \u201csharply\u201d for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.<\/p>\n<p>It\u2019s a marked reversal for the Paris-based agency, which just a month ago was urging the Opec+ alliance to open the taps or risk a damaging spike in prices. The oil cartel heeded calls to hike supply, which is now arriving just as consumption slackens. <\/p>\n<p>The analysis also jars with Wednesday\u2019s call from the US \u2014 the IEA\u2019s most influential member \u2014 for the Organization of Petroleum Exporting Countries and its allies to ramp production up faster.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency cut forecasts for global oil demand \u201csharply\u201d for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022. It\u2019s a marked reversal for the Paris-based agency, which just a month ago was urging the Opec+ alliance to open the taps or risk a damaging spike in prices. The oil cartel heeded calls to hike supply, which is now arriving just as consumption slackens. The analysis also jars with Wednesday\u2019s call from the US \u2014 the IEA\u2019s most influential member \u2014 for the Organization of Petroleum Exporting Countries [&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-430496","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\/430496","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=430496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}