{"id":510246,"date":"2022-07-30T09:18:21","date_gmt":"2022-07-30T03:48:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510246"},"modified":"2022-07-30T09:35:24","modified_gmt":"2022-07-30T04:05:24","slug":"oil-rally-to-stall-as-recession-risks-counter-tight-supplies-says-poll","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rally-to-stall-as-recession-risks-counter-tight-supplies-says-poll\/","title":{"rendered":"Oil rally to stall as recession risks counter tight supplies, says poll"},"content":{"rendered":"<p>A rally in oil prices could stall as recession fears and COVID flare-ups in China slow demand and counter supply risks from sanctions on Russia and OPEC+ output constraints, a Reuters poll showed on Friday.<\/p>\n<p>A survey of 35 economists and analysts forecast Brent crude would average $105.75 a barrel in 2022, down from a forecast of $106.82 in June marking the first downward revision to the monthly poll since April.<\/p>\n<p>The global benchmark has averaged about $105 a barrel this year. [O\/R]<\/p>\n<p>&#8220;The focus is slightly shifting away from supply disruptions towards crude demand destruction due to global recessionary fears,&#8221; said Edward Moya, senior analyst with OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rally in oil prices could stall as recession fears and COVID flare-ups in China slow demand and counter supply risks from sanctions on Russia and OPEC+ output constraints, a Reuters poll showed on Friday. A survey of 35 economists and analysts forecast Brent crude would average $105.75 a barrel in 2022, down from a forecast of $106.82 in June marking the first downward revision to the monthly poll since April. The global benchmark has averaged about $105 a barrel this year. [O\/R] &#8220;The focus is slightly shifting away from supply disruptions towards crude demand destruction due to global recessionary [&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-510246","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\/510246","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=510246"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510246\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}