{"id":559835,"date":"2023-03-03T10:16:52","date_gmt":"2023-03-03T04:46:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=559835"},"modified":"2023-03-03T11:03:43","modified_gmt":"2023-03-03T05:33:43","slug":"russia-can-maintain-oil-output-at-pre-conflict-levels-says-jp-morgan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russia-can-maintain-oil-output-at-pre-conflict-levels-says-jp-morgan\/","title":{"rendered":"Russia can maintain oil output at pre-conflict levels, says JP Morgan"},"content":{"rendered":"<p>J.P. Morgan on Thursday forecast Russia would be able to maintain its oil output at pre-Ukraine conflict levels due to steady demand from China and India but said it might struggle to reroute some of its oil product exports away from Europe.<\/p>\n<p>&#8220;We believe Russia will be able to maintain its oil production at pre-war levels of 10.8 mbd (million barrels a day) but will have difficulties getting back to peak pre-COVID volumes of 11.3 mbd,&#8221; the bank said.<\/p>\n<p>J.P. Morgan expects Indian and Chinese demand collectively to increase by 1 million bpd this year.<\/p>\n<p>Russia has so far managed to reroute oil exports from Europe to India, China and Turkey, which snapped up cheap barrels despite the Group of Seven&#8217;s $60 price cap on Russian crude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>J.P. Morgan on Thursday forecast Russia would be able to maintain its oil output at pre-Ukraine conflict levels due to steady demand from China and India but said it might struggle to reroute some of its oil product exports away from Europe. &#8220;We believe Russia will be able to maintain its oil production at pre-war levels of 10.8 mbd (million barrels a day) but will have difficulties getting back to peak pre-COVID volumes of 11.3 mbd,&#8221; the bank said. J.P. Morgan expects Indian and Chinese demand collectively to increase by 1 million bpd this year. Russia has so far managed [&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-559835","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\/559835","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=559835"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/559835\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=559835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=559835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=559835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}