{"id":31521,"date":"2020-07-17T01:34:57","date_gmt":"2020-07-16T21:34:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31521"},"modified":"2020-07-17T01:34:58","modified_gmt":"2020-07-16T21:34:58","slug":"russia-expects-strong-recovery-for-oil-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/russia-expects-strong-recovery-for-oil-demand\/07\/17\/market-updates\/","title":{"rendered":"Russia Expects Strong Recovery for Oil Demand"},"content":{"rendered":"\n<p>Russia is expecting a strong recovery in the global demand for oil, according to the Russian Minister of Energy, Alexander Novak, Reuters reported.<\/p>\n\n\n\n<p>The minister said on Thursday that a significant rise in August could see demand improve to 10% below the pre-COVID-19 levels.<\/p>\n\n\n\n<p>Demand was nearing 100 million barrels per day (bpd) before the pandemic, it then dropped to 25% below pre-COVID-19 levels in April, according to the Novak.<\/p>\n\n\n\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and other major producers, an alliance known as OPEC+, decided to raise output by 2 million bpd to 7.7 million bpd below the pre-crisis levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia is expecting a strong recovery in the global demand for oil, according to the Russian Minister of Energy, Alexander Novak, Reuters reported. The minister said on Thursday that a significant rise in August could see demand improve to 10% below the pre-COVID-19 levels. Demand was nearing 100 million barrels per day (bpd) before the &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846,6876,7004,6875],"class_list":["post-31521","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil","tag-opec","tag-opec-2","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31521"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31521\/revisions"}],"predecessor-version":[{"id":31522,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31521\/revisions\/31522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31093"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}