{"id":461452,"date":"2022-01-12T09:19:51","date_gmt":"2022-01-12T03:49:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461452"},"modified":"2022-01-12T10:02:19","modified_gmt":"2022-01-12T04:32:19","slug":"oil-rises-towards-82-per-barrel-as-demand-recovery-seen-on-track","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-towards-82-per-barrel-as-demand-recovery-seen-on-track\/","title":{"rendered":"Oil rises towards $82 per barrel as demand recovery seen on track"},"content":{"rendered":"<p>LONDON (Reuters) -Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. <\/p>\n<p>OPEC supply additions are running below their allowed increase under a pact with allies due to a lack of capacity in some countries. [OPEC\/O] Major economies have avoided a return to severe lockdowns, even as coronavirus cases soar.<\/p>\n<p>&#8220;Despite continuously rising Omicron cases, European governments have taken the view that the time is now right to ease restrictions, raising the hopes of oil demand recovery,&#8221; said Tamas Varga of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. OPEC supply additions are running below their allowed increase under a pact with allies due to a lack of capacity in some countries. [OPEC\/O] Major economies have avoided a return to severe lockdowns, even as coronavirus cases soar. &#8220;Despite continuously rising Omicron cases, European governments have taken the view that the time is now right to ease restrictions, raising the hopes of oil demand recovery,&#8221; said [&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-461452","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\/461452","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=461452"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461452\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}