{"id":505147,"date":"2022-07-14T09:26:46","date_gmt":"2022-07-14T03:56:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505147"},"modified":"2022-07-14T10:31:25","modified_gmt":"2022-07-14T05:01:25","slug":"iea-says-oil-market-walking-tightrope-due-to-economic-supply-risks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iea-says-oil-market-walking-tightrope-due-to-economic-supply-risks\/","title":{"rendered":"IEA says oil market walking tightrope due to economic, supply risks"},"content":{"rendered":"<p>The global oil market is &#8220;walking a tightrope&#8221; between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a toll on demand.<\/p>\n<p>The cloudy outlook is reflected in volatile trading, with Brent crude falling 7% to below $100 a barrel on Tuesday as futures traders worried over an economic contraction but high physical oil prices still indicate strong demand for now.<\/p>\n<p>&#8220;Rarely has the outlook for oil markets been more uncertain.<\/p>\n<p>A worsening macroeconomic outlook and fears of recession are weighing on market sentiment, while there are ongoing risks on the supply side,&#8221; the Paris-based agency said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global oil market is &#8220;walking a tightrope&#8221; between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a toll on demand. The cloudy outlook is reflected in volatile trading, with Brent crude falling 7% to below $100 a barrel on Tuesday as futures traders worried over an economic contraction but high physical oil prices still indicate strong demand for now. &#8220;Rarely has the outlook for oil markets been more uncertain. A worsening macroeconomic outlook and fears of recession are weighing on market sentiment, [&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-505147","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\/505147","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=505147"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505147\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}