{"id":522170,"date":"2022-09-15T11:50:49","date_gmt":"2022-09-15T06:20:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=522170"},"modified":"2022-09-15T11:50:49","modified_gmt":"2022-09-15T06:20:49","slug":"what-global-energy-agency-said-on-oil-production-demand-for-now-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-global-energy-agency-said-on-oil-production-demand-for-now-china\/","title":{"rendered":"What global energy agency said on oil production, demand: \u2018For now, China\u2026\u2019"},"content":{"rendered":"<p>The International Energy Agency trimmed estimates for global oil demand growth this year as renewed Covid lockdowns in China slow activity in the world\u2019s second-biggest consumer.<\/p>\n<p>World oil consumption will increase by 2 million barrels a day this year &#8212; about 110,000 a day less than previously forecast &#8212; to average 99.7 million barrels a day, the Paris-based agency said in its latest monthly report. Demand will expand again by about the same amount in 2023, it said.<\/p>\n<p>China &#8212; the engine of world oil demand growth for much of the past two decades &#8212; will see a contraction this year of 420,000 barrels a day in product demand, a much steeper drop than envisaged last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency trimmed estimates for global oil demand growth this year as renewed Covid lockdowns in China slow activity in the world\u2019s second-biggest consumer. World oil consumption will increase by 2 million barrels a day this year &#8212; about 110,000 a day less than previously forecast &#8212; to average 99.7 million barrels a day, the Paris-based agency said in its latest monthly report. Demand will expand again by about the same amount in 2023, it said. China &#8212; the engine of world oil demand growth for much of the past two decades &#8212; will see a contraction this [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-522170","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522170","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=522170"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522170\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=522170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=522170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=522170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}