{"id":536278,"date":"2022-11-15T11:11:30","date_gmt":"2022-11-15T05:41:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536278"},"modified":"2022-11-15T12:53:00","modified_gmt":"2022-11-15T07:23:00","slug":"oil-prices-slip-on-opec-cut-in-demand-forecast-china-covid-19-cases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-on-opec-cut-in-demand-forecast-china-covid-19-cases\/","title":{"rendered":"Oil prices slip on OPEC cut in demand forecast, China Covid-19 cases"},"content":{"rendered":"<p>Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the outlook for fuel consumption in the world&#8217;s top crude importing nation. <\/p>\n<p>Brent crude futures fell 39 cents, or 0.4 per cent, to $92.75 a barrel by 0133 GMT after settling down 3 per cent on Monday. US West Texas Intermediate crude was at $85.31 a barrel, down 56 cents, or 0.7 per cent, after tumbling 3.5% in the previous session. <\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) cut its 2022 global oil demand growth forecast for a fifth time since April, citing mounting economic challenges including high inflation and rising interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the outlook for fuel consumption in the world&#8217;s top crude importing nation. Brent crude futures fell 39 cents, or 0.4 per cent, to $92.75 a barrel by 0133 GMT after settling down 3 per cent on Monday. US West Texas Intermediate crude was at $85.31 a barrel, down 56 cents, or 0.7 per cent, after tumbling 3.5% in the previous session. The Organization of the Petroleum Exporting Countries (OPEC) cut its 2022 global oil [&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":[146,130,177],"tags":[],"class_list":["post-536278","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536278","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=536278"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536278\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}