{"id":531464,"date":"2022-10-25T10:14:23","date_gmt":"2022-10-25T04:44:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=531464"},"modified":"2022-10-25T11:36:34","modified_gmt":"2022-10-25T06:06:34","slug":"oil-prices-drop-as-chinese-demand-data-shows-depressed-consumption","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-as-chinese-demand-data-shows-depressed-consumption\/","title":{"rendered":"Oil prices drop as Chinese demand data shows depressed consumption"},"content":{"rendered":"<p>Oil prices slid on Monday after Chinese data showed that demand from the world&#8217;s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.<\/p>\n<p>Brent crude futures for December settlement fell 67 cents, or 0.7%, to $92.83 a barrel by 1110 GMT after rising 2% last week. U.S. West Texas Intermediate crude for December delivery was at $84.16 a barrel, down 89 cents, or 1.1%.<\/p>\n<p>Although higher than in August, China&#8217;s September crude imports of 9.79 million barrels per day were 2% below a year earlier, customs data showed on Monday, as independent refiners curbed throughput amid thin margins and lacklustre demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slid on Monday after Chinese data showed that demand from the world&#8217;s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement fell 67 cents, or 0.7%, to $92.83 a barrel by 1110 GMT after rising 2% last week. U.S. West Texas Intermediate crude for December delivery was at $84.16 a barrel, down 89 cents, or 1.1%. Although higher than in August, China&#8217;s September crude imports of 9.79 million barrels per day were 2% below a year earlier, customs data showed on Monday, as independent [&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-531464","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\/531464","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=531464"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/531464\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=531464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=531464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=531464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}