{"id":3992,"date":"2020-03-10T15:20:24","date_gmt":"2020-03-10T15:20:24","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=3992"},"modified":"2020-03-10T15:20:24","modified_gmt":"2020-03-10T15:20:24","slug":"oil-prices-bounce-back-by-seven-per-cent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent","title":{"rendered":"Oil prices bounce back by seven per cent"},"content":{"rendered":"
After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.<\/span><\/span><\/span><\/div>\n
<\/div>\n
The global oil suppliers reported the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war between top producers Saudi Arabia and Russia.<\/span><\/span><\/span><\/div>\n
<\/div>\n
Even with the prevailing Russo-Arabia standoff on the prices, Saudi says it will lift output to above 10 million barrels per day, in the fight for market share. Saudi Arabia had escalated a historic drop in oil prices by cutting its April official selling prices from $14 to $8 in a price war with Russia.<\/span><\/span><\/span><\/div>\n
<\/div>\n
The fall accounted for a 25 per cent plunge on Monday, dropping to their lowest since February 2016 and recording their biggest one-day percentage declines since January 17, 1991, when oil prices fell at the outset of the Gulf War.<\/span><\/span><\/span><\/div>\n
<\/div>\n
However, the International Energy Agency projects oil demand is set to contract in 2020 for the first time since 2009.<\/span><\/span><\/span><\/div>\n
<\/div>\n
The International Energy Agency is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the wake of the 1973 oil crisis.<\/span><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday. The global oil suppliers reported the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war between top producers Saudi Arabia and Russia. […]<\/p>\n","protected":false},"author":84,"featured_media":3927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2161,2125,2123,2124],"class_list":["post-3992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-oil-price-bounce","tag-opec","tag-russia","tag-saudi-arabia"],"yoast_head":"\nOil prices bounce back by seven per cent - kenya<\/title>\n<meta name=\"description\" content=\"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices bounce back by seven per cent\" \/>\n<meta property=\"og:description\" content=\"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-10T15:20:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices bounce back by seven per cent\",\"datePublished\":\"2020-03-10T15:20:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg\",\"keywords\":[\"Oil Price bounce\",\"OPEC\",\"Russia\",\"Saudi Arabia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\",\"name\":\"Oil prices bounce back by seven per cent - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg\",\"datePublished\":\"2020-03-10T15:20:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg\",\"width\":800,\"height\":425},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices bounce back by seven per cent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil prices bounce back by seven per cent - kenya","description":"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent","og_locale":"en_US","og_type":"article","og_title":"Oil prices bounce back by seven per cent","og_description":"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-03-10T15:20:24+00:00","og_image":[{"width":800,"height":425,"url":"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Oil prices bounce back by seven per cent","datePublished":"2020-03-10T15:20:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent"},"wordCount":199,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg","keywords":["Oil Price bounce","OPEC","Russia","Saudi Arabia"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent","url":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent","name":"Oil prices bounce back by seven per cent - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg","datePublished":"2020-03-10T15:20:24+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"After a historic one-day of oil prices taking hits globally, the black gold\u2019s prices are back up by seven per cent, on Tuesday.The global oil suppliers reported","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#primaryimage","url":"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg","contentUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/03\/xwhovuj7tgdyv5e6619125a127.jpg","width":800,"height":425},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/oil-prices-bounce-back-by-seven-per-cent#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Oil prices bounce back by seven per cent"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/3992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=3992"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/3992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/3927"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=3992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=3992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=3992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}