{"id":136771,"date":"2024-06-10T08:31:20","date_gmt":"2024-06-10T08:31:20","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=136771"},"modified":"2024-06-10T08:42:00","modified_gmt":"2024-06-10T08:42:00","slug":"sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/","title":{"rendered":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena"},"content":{"rendered":"

Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena<\/span><\/strong><\/span><\/h2>\n

\"Hemantha<\/span><\/p>\n

\"Sharp<\/span><\/p>\n

Palpable anxieties in the oil markets<\/span><\/strong><\/span><\/p>\n

The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0<\/span><\/div>\n
<\/div>\n

 <\/p>\n

 <\/p>\n

\"Sharp<\/span><\/div>\n
<\/div>\n

 <\/p>\n

\n
\n

The long-awaited meeting of the OPEC+, meanwhile, went ahead on Sunday, June 2, with some members opted for being online and the rest meeting in person. The members, although put on a brave front, tentatively agreed to extend the\u00a0 production cuts beyond 2024 so that the dwindling prices can be shored up. It, however, appears to be easier said than done.<\/span><\/p>\n

At present, the OPEC+ cuts its production by 5.58 million bpd \u2013 barrels per day: there are 3.36 million bpd production cuts that were due to expire at the\u00a0 end of 2024; in addition, 2.22 million bpd production cuts by 8 members of the cartel that were supposed to expire at the end of June.<\/span><\/p>\n

The OPEC+ on Sunday 2, June agreed to extend the production cuts of\u00a0 3.36 million bpd by another year \u2013 until the end of 2025; the voluntary production cuts, meanwhile, are going to be phased out by the end of September, 2024, instead\u00a0 of in June this year.<\/span><\/p>\n

The crude oil markets, however, were not impressed. On Monday, when the markets opened for business, the oil price started falling despite the extension of production cuts, defying the usual logic, leaving the OPEC+ in a lurch. In short, the carefully-calculated OPEC+ move did not do the trick.<\/span><\/p>\n<\/div>\n

 <\/p>\n<\/div>\n

<\/div>\n
<\/span><\/div>\n
<\/div>\n

Defending the production cuts, Prince Abdulaziz bin Salman, the Saudi oil minister, said that they were looking forward to seeing consistency in the global economic growth, not pockets of growth at random places, before restoring the oil production output to pre-pandemic levels by the members. Prince Abdulaziz said that the members are keen on seeing the fall of interest rates in order to stimulate the economic growth, especially in the West.<\/span><\/p>\n

Even in the current circumstances that are not in favour of a robust, global, economic growth, the OPEC+ expects the demand for oil hovering over 43.65 million barrels bpd during the next two quarters of this year.\u00a0<\/span><\/p>\n

The IEA, International Energy Agency, however\u00a0 put a damper on the figure, by saying\u00a0 that the number in question will be far less than that of the OPEC+ \u2013 41.9 million bpd.<\/span><\/p>\n

<\/div>\n
<\/span><\/div>\n

 <\/p>\n

\n
\n
\n
\n

The US crude oil stocks, meanwhile, appear to be more in tune with the estimation of the IEA than that of the OPEC+; there has been a steep growth in the US crude oil stocks in the past few weeks. Judging by the stagnation of oil prices, the only factor that appears to be accounting for the development is the US crude stocks; at present it accurately reflects the inflationary pressure felt by the consumers in the world\u2019s top economy, the US.<\/span><\/p>\n

Since the figure is still below the five-year average, the policymakers of the OPEC+ may have assumed that the demand would outpace the supply at some point in the near future, something that would put the prices up.<\/span><\/p>\n

The members of the OPEC+, meanwhile, agreed to meet in December, 2024 again. The relatively long gaps between the successive meetings recently may be an indication of disagreements among the members over the production cuts, as the latter clearly affect the coffers of the poorer members of the cartel.<\/span><\/p>\n

All in all, the OPEC+ is going to continue its cautious approach in gauging the market sentiments. It is acutely aware of the significance of the presidential elections in the US in November and of course, the prospect of a change in the incumbency in the White House, which could trigger off a seismic effect across the energy markets.\u00a0\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Click here to receive your free copy of the eLanka Newsletter twice a week delivered directly\u00a0to\u00a0your\u00a0inbox!<\/span><\/strong><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena Palpable anxieties in the oil markets The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and […]<\/p>\n","protected":false},"author":3,"featured_media":136772,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20,63176],"tags":[65657,65666,65661,63197,65662,65664,65656,65665,65659,65660,65663,65655,65658],"class_list":{"0":"post-136771","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"category-hemantha-yapa-abeywardena","9":"tag-brent-crude-oil-price-drop","10":"tag-future-of-oil-production-cuts","11":"tag-global-oil-demand-forecasts","12":"tag-hemantha-yapa-abeywardena","13":"tag-iea-oil-demand-prediction-2024","14":"tag-inflation-impact-on-oil-prices","15":"tag-oil-price-stagnation-2024","16":"tag-opec-meeting-outcomes","17":"tag-opec-production-cuts-2024","18":"tag-saudi-oil-minister-prince-abdulaziz-bin-salman","19":"tag-us-crude-oil-market-trends","20":"tag-us-crude-oil-stocks-increase","21":"tag-wti-crude-oil-prices-june-2024","22":"post_format-post-format-aside"},"yoast_head":"\nSharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena - eLanka<\/title>\n<meta name=\"description\" content=\"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena\" \/>\n<meta property=\"og:description\" content=\"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T08:31:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-10T08:42:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena\",\"datePublished\":\"2024-06-10T08:31:20+00:00\",\"dateModified\":\"2024-06-10T08:42:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\"},\"wordCount\":665,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png\",\"keywords\":[\"Brent crude oil price drop\",\"Future of oil production cuts\",\"Global oil demand forecasts\",\"Hemantha Yapa Abeywardena\",\"IEA oil demand prediction 2024\",\"Inflation impact on oil prices\",\"Oil price stagnation 2024\",\"OPEC+ meeting outcomes\",\"OPEC+ production cuts 2024\",\"Saudi oil minister Prince Abdulaziz bin Salman\",\"US crude oil market trends\",\"US crude oil stocks increase\",\"WTI crude oil prices June 2024\"],\"articleSection\":[\"Articles\",\"Hemantha Yapa Abeywardena\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\",\"name\":\"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena - eLanka\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png\",\"datePublished\":\"2024-06-10T08:31:20+00:00\",\"dateModified\":\"2024-06-10T08:42:00+00:00\",\"description\":\"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png\",\"contentUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png\",\"width\":600,\"height\":400,\"caption\":\"oil price stagnation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/websitedesigns.com.au\/elankanew\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\/\/websitedesigns.com.au\/elankanew\/category\/articles\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#website\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/\",\"name\":\"eLanka\",\"description\":\"eLanka - Sri lanka events in Australia\",\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/websitedesigns.com.au\/elankanew\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\",\"name\":\"eLanka\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2020\/03\/elanka-logo.jpg\",\"contentUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2020\/03\/elanka-logo.jpg\",\"width\":192,\"height\":82,\"caption\":\"eLanka\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/eLanka.com.au\/\",\"https:\/\/www.linkedin.com\/in\/elanka\/\",\"https:\/\/www.youtube.com\/user\/SriLankanDownUnder\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\",\"name\":\"eLanka admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e0d346a7f97b80e861cdeafe7b7de523b59f5060666f1a5da8369457bf9b6c3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2e0d346a7f97b80e861cdeafe7b7de523b59f5060666f1a5da8369457bf9b6c3?s=96&d=mm&r=g\",\"caption\":\"eLanka admin\"},\"sameAs\":[\"https:\/\/websitedesigns.com.au\/elankanew\"],\"url\":\"https:\/\/websitedesigns.com.au\/elankanew\/author\/elanka\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena - eLanka","description":"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena","og_description":"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0","og_url":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/","og_site_name":"eLanka","article_publisher":"https:\/\/www.facebook.com\/eLanka.com.au\/","article_published_time":"2024-06-10T08:31:20+00:00","article_modified_time":"2024-06-10T08:42:00+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png","type":"image\/png"}],"author":"eLanka admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"eLanka admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#article","isPartOf":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/"},"author":{"name":"eLanka admin","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd"},"headline":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena","datePublished":"2024-06-10T08:31:20+00:00","dateModified":"2024-06-10T08:42:00+00:00","mainEntityOfPage":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/"},"wordCount":665,"publisher":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/#organization"},"image":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage"},"thumbnailUrl":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png","keywords":["Brent crude oil price drop","Future of oil production cuts","Global oil demand forecasts","Hemantha Yapa Abeywardena","IEA oil demand prediction 2024","Inflation impact on oil prices","Oil price stagnation 2024","OPEC+ meeting outcomes","OPEC+ production cuts 2024","Saudi oil minister Prince Abdulaziz bin Salman","US crude oil market trends","US crude oil stocks increase","WTI crude oil prices June 2024"],"articleSection":["Articles","Hemantha Yapa Abeywardena"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/","url":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/","name":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation - By Hemantha Yapa Abeywardena - eLanka","isPartOf":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/#website"},"primaryImageOfPage":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage"},"image":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage"},"thumbnailUrl":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png","datePublished":"2024-06-10T08:31:20+00:00","dateModified":"2024-06-10T08:42:00+00:00","description":"The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively.\u00a0","breadcrumb":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#primaryimage","url":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png","contentUrl":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/06\/oil-price-stagnation.png","width":600,"height":400,"caption":"oil price stagnation"},{"@type":"BreadcrumbList","@id":"https:\/\/websitedesigns.com.au\/elankanew\/sharp-rise-in-us-crude-stocks-the-only-chart-that-explains-the-oil-price-stagnation-by-hemantha-yapa-abeywardena\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/websitedesigns.com.au\/elankanew\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/websitedesigns.com.au\/elankanew\/category\/articles\/"},{"@type":"ListItem","position":3,"name":"Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena"}]},{"@type":"WebSite","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#website","url":"https:\/\/websitedesigns.com.au\/elankanew\/","name":"eLanka","description":"eLanka - Sri lanka events in Australia","publisher":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/websitedesigns.com.au\/elankanew\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#organization","name":"eLanka","url":"https:\/\/websitedesigns.com.au\/elankanew\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/logo\/image\/","url":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2020\/03\/elanka-logo.jpg","contentUrl":"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2020\/03\/elanka-logo.jpg","width":192,"height":82,"caption":"eLanka"},"image":{"@id":"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/eLanka.com.au\/","https:\/\/www.linkedin.com\/in\/elanka\/","https:\/\/www.youtube.com\/user\/SriLankanDownUnder"]},{"@type":"Person","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd","name":"eLanka admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2e0d346a7f97b80e861cdeafe7b7de523b59f5060666f1a5da8369457bf9b6c3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2e0d346a7f97b80e861cdeafe7b7de523b59f5060666f1a5da8369457bf9b6c3?s=96&d=mm&r=g","caption":"eLanka admin"},"sameAs":["https:\/\/websitedesigns.com.au\/elankanew"],"url":"https:\/\/websitedesigns.com.au\/elankanew\/author\/elanka\/"}]}},"_links":{"self":[{"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/posts\/136771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/comments?post=136771"}],"version-history":[{"count":10,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/posts\/136771\/revisions"}],"predecessor-version":[{"id":136782,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/posts\/136771\/revisions\/136782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/media\/136772"}],"wp:attachment":[{"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/media?parent=136771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/categories?post=136771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/websitedesigns.com.au\/elankanew\/wp-json\/wp\/v2\/tags?post=136771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}