{"id":15750,"date":"2012-02-11T08:41:58","date_gmt":"2012-02-11T07:41:58","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15750\/weekly-fundamentals-oil-dropped-as-iea-lowered-demand-forecast\/"},"modified":"2012-02-11T08:41:58","modified_gmt":"2012-02-11T07:41:58","slug":"weekly-fundamentals-oil-dropped-as-iea-lowered-demand-forecast","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15750\/weekly-fundamentals-oil-dropped-as-iea-lowered-demand-forecast\/","title":{"rendered":"Weekly Fundamentals – Oil Dropped as IEA Lowered Demand Forecast"},"content":{"rendered":"

Oil prices slumped on Friday after the IEA downgraded its global oil demand from 2012 for a 6th consecutive month and the economic outlook is ‘darkening’. The agency forecast that oil demand this year will reach 89.9M bpd, up +0.8M bpd from a year ago. This was revised from January’s forecast of 90.2M bpd. Despite the downward revision, the IEA’s estimate remained the highest among the 3 major oil agencies (DOE\/EIA: 89.3M bpd; OPEC: 88.8M bpd).<\/p>\n

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\nWeekly Fundamentals – Oil Dropped as IEA Lowered Demand Forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices slumped on Friday after the IEA downgraded its global oil demand from 2012 for a 6th consecutive month and the economic outlook is ‘darkening’. The agency forecast that oil demand this year will reach 89.9M bpd, up +0.8M bpd from a year ago. This was revised from January’s forecast of 90.2M bpd. Despite the downward revision, the IEA’s estimate remained the highest among the 3 major oil agencies (DOE\/EIA: 89.3M bpd; OPEC: 88.8M bpd). <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15750","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=15750"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15750\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}