{"id":439486,"date":"2021-10-01T08:31:35","date_gmt":"2021-10-01T03:01:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439486"},"modified":"2021-10-01T09:12:52","modified_gmt":"2021-10-01T03:42:52","slug":"oil-on-the-boil-prices-demand-supply-dynamics-and-the-way-ahead","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-on-the-boil-prices-demand-supply-dynamics-and-the-way-ahead\/","title":{"rendered":"Oil on the boil: Prices, demand-supply dynamics, and the way ahead"},"content":{"rendered":"<p>Brent crude, a benchmark for nearly 80 per cent of global crude oil trade, crossed 80 dollars a barrel on Tuesday. And some agencies like Goldman Sachs are estimating that crude oil will hit 90 dollars a barrel by the end of this year. This may have implications for India, which has a major import dependence for meeting its energy needs.<\/p>\n<p>For one, the government&#8217;s fiscal maths will be tested by this oil-price rally. A further surge would put pressure on it to cut taxes on petrol and diesel which would hurt its revenue and spending.<\/p>\n<p>Secondly, as the rally pushes domestic petrol and diesel prices to new highs, consumers and industry will also be hurt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude, a benchmark for nearly 80 per cent of global crude oil trade, crossed 80 dollars a barrel on Tuesday. And some agencies like Goldman Sachs are estimating that crude oil will hit 90 dollars a barrel by the end of this year. This may have implications for India, which has a major import dependence for meeting its energy needs. For one, the government&#8217;s fiscal maths will be tested by this oil-price rally. A further surge would put pressure on it to cut taxes on petrol and diesel which would hurt its revenue and spending. Secondly, as the rally [&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-439486","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\/439486","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=439486"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439486\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}