{"id":268762,"date":"2019-04-10T05:20:31","date_gmt":"2019-04-10T05:20:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268762"},"modified":"2019-04-10T05:20:31","modified_gmt":"2019-04-10T05:20:31","slug":"goldman-increases-2019-oil-price-forecasts-amid-supply-cuts-sanctions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-increases-2019-oil-price-forecasts-amid-supply-cuts-sanctions\/","title":{"rendered":"Goldman increases 2019 oil price forecasts amid supply cuts, sanctions"},"content":{"rendered":"<p>Goldman Sachs has raised its forecast for crude oil prices this year, with supply hit by the &#8220;shock and awe&#8221; implementation of OPEC-led output cuts and by US sanctions on Iran and Venezuela.<\/p>\n<p>The investment bank said in a note dated April 8 that it now expects benchmark Brent crude prices to average $66 per barrel in 2019, compared with its previous estimate of $62.50.<\/p>\n<p>It sees US crude oil averaging $59.50 per barrel, up from its last forecast of $55.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs has raised its forecast for crude oil prices this year, with supply hit by the &#8220;shock and awe&#8221; implementation of OPEC-led output cuts and by US sanctions on Iran and Venezuela. The investment bank said in a note dated April 8 that it now expects benchmark Brent crude prices to average $66 per barrel in 2019, compared with its previous estimate of $62.50. It sees US crude oil averaging $59.50 per barrel, up from its last forecast of $55.50.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-268762","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}