{"id":71022,"date":"2022-08-29T19:15:06","date_gmt":"2022-08-29T15:15:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71022"},"modified":"2022-08-29T19:19:41","modified_gmt":"2022-08-29T15:19:41","slug":"iea-russias-oil-production-did-not-fall-as-previously-expected","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/iea-russias-oil-production-did-not-fall-as-previously-expected\/08\/29\/market-updates\/","title":{"rendered":"IEA: Russia&#8217;s oil production did not fall as previously expected"},"content":{"rendered":"\n<p>International Energy Agency Chief Fatih Birol said on Monday that Russia&#8217;s oil production hasn&#8217;t fallen as much as previously expected because it managed to find new markets outside Europe and added domestic demand remained robust, per Reuters. &#8220;Going forward, it would be difficult for Russia to maintain oil production due to the absence of western companies,&#8221; Birol said.<br><br>Birol further noted that a further strategic petroleum reserve release was not off the table. He also reiterated that he stands by the IEA&#8217;s report suggesting no new investments in oil and gas fields are needed if the world wants to achieve net zero emissions by 2050.<br><br>Crude oil prices edged modestly lower from session highs following these comments. The barrel of West Texas Intermediate (WTI) was trading at $95.70, where it was still up 3% on a daily basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Energy Agency Chief Fatih Birol said on Monday that Russia&#8217;s oil production hasn&#8217;t fallen as much as previously expected because it managed to find new markets outside Europe and added domestic demand remained robust, per Reuters. &#8220;Going forward, it would be difficult for Russia to maintain oil production due to the absence of western &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61512,"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":[6959,9007,6909],"class_list":["post-71022","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-iea","tag-russian-oil","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71022","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71022"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71022\/revisions"}],"predecessor-version":[{"id":71059,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71022\/revisions\/71059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61512"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}