{"id":434943,"date":"2021-09-09T08:47:22","date_gmt":"2021-09-09T03:17:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434943"},"modified":"2021-09-09T09:59:39","modified_gmt":"2021-09-09T04:29:39","slug":"top-oil-guzzlers-surpass-pre-pandemic-consumption-amid-recovery-in-activity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/top-oil-guzzlers-surpass-pre-pandemic-consumption-amid-recovery-in-activity\/","title":{"rendered":"Top oil guzzlers surpass pre-pandemic consumption amid recovery in activity"},"content":{"rendered":"<p>Some of the world\u2019s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity.<\/p>\n<p>Oil demand in China, the world\u2019s top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic, according to SIA Energy. Indian fuel sales extended a rebound in August, while American demand for petroleum products recently surged to a record high. <\/p>\n<p>This improvement in consumption across the two Asian giants and the U.S. is buoying oil prices that have rallied around 40% this year. Against this backdrop, the OPEC+ alliance decided to keep restoring crude supply earlier this month, citing tighter balances into year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the world\u2019s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity. Oil demand in China, the world\u2019s top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic, according to SIA Energy. Indian fuel sales extended a rebound in August, while American demand for petroleum products recently surged to a record high. This improvement in consumption across the two Asian giants and the U.S. is buoying oil prices that have rallied around 40% [&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-434943","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\/434943","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=434943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}