{"id":536202,"date":"2022-11-15T09:50:40","date_gmt":"2022-11-15T04:20:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536202"},"modified":"2022-11-15T11:18:09","modified_gmt":"2022-11-15T05:48:09","slug":"opec-cuts-oil-demand-growth-forecast-again-as-economic-challenges-mount","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-cuts-oil-demand-growth-forecast-again-as-economic-challenges-mount\/","title":{"rendered":"Opec cuts oil demand growth forecast again as economic challenges mount"},"content":{"rendered":"<p>OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and also trimmed next year&#8217;s figure, citing mounting economic challenges including high inflation and rising interest rates. <\/p>\n<p>Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast. <\/p>\n<p>&#8220;The world economy has entered a period of significant uncertainty and rising challenges in the fourth quarter of 2022,&#8221; OPEC said in the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and also trimmed next year&#8217;s figure, citing mounting economic challenges including high inflation and rising interest rates. Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast. &#8220;The world economy has entered a period of significant uncertainty and rising challenges in the fourth quarter of 2022,&#8221; OPEC said in the report.<\/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-536202","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\/536202","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=536202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}