{"id":41372,"date":"2021-02-11T17:33:54","date_gmt":"2021-02-11T13:33:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41372"},"modified":"2021-02-11T17:33:55","modified_gmt":"2021-02-11T13:33:55","slug":"opec-lowers-2021-world-oil-demand-growth-forecast-to-5-79m-bpd-from-5-9m-bpd","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/opec-lowers-2021-world-oil-demand-growth-forecast-to-5-79m-bpd-from-5-9m-bpd\/02\/11\/market-updates\/","title":{"rendered":"OPEC Lowers 2021 World Oil Demand Growth forecast to 5.79M bpd From 5.9M bpd"},"content":{"rendered":"\n<p>OPEC said that global oil demand will rebound in 2021 at a slower pace than previously thought, in the latest step in a series of cuts to expectations amid the fallout from the coronavirus pandemic.<\/p>\n\n\n\n<p>The Organization of Petroleum Exporting Countries added in a monthly report that demand will rise by 5.79 million barrels per day this year to 96.05 million barrels per day, lowering its forecast of 110,000 barrels per day from a month ago.<\/p>\n\n\n\n<p>&#8220;Global economy is showing signs of a healthy recovery in 2021 but oil demand is currently lagging.&#8221;<\/p>\n\n\n\n<p>&#8220;Oil demand is forecast to pick up in the second half of 2021.&#8221;<\/p>\n\n\n\n<p>&#8220;2021 overall non-OPEC supply growth forecast lowered to 670,000 bpd (previous forecast 850,000 bpd).&#8221;<\/p>\n\n\n\n<p>&#8220;OPEC oil output rose 180,000 bpd in January to 25.50 million bpd.&#8221;<\/p>\n\n\n\n<p>&#8220;2021 forecast for global demand for OPEC crude hiked to&nbsp;&nbsp;27.5 million bpd (previous forecast 27.2 million bpd).&#8221;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC said that global oil demand will rebound in 2021 at a slower pace than previously thought, in the latest step in a series of cuts to expectations amid the fallout from the coronavirus pandemic. The Organization of Petroleum Exporting Countries added in a monthly report that demand will rise by 5.79 million barrels per &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32612,"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":[6876],"class_list":["post-41372","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-opec"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41372","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41372"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41372\/revisions"}],"predecessor-version":[{"id":41373,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41372\/revisions\/41373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32612"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}