{"id":308962,"date":"2020-01-06T11:47:15","date_gmt":"2020-01-06T06:17:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308962"},"modified":"2020-01-06T11:47:15","modified_gmt":"2020-01-06T06:17:15","slug":"tensions-in-west-asia-may-push-up-costs-for-oil-refiners","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tensions-in-west-asia-may-push-up-costs-for-oil-refiners\/","title":{"rendered":"Tensions in West Asia may push up costs for oil refiners"},"content":{"rendered":"<p>President Donald Trump\u2019s rhetoric is worrying Indian oil marketing companies.<\/p>\n<p>Trump\u2019s tweet reacting to Iranian threats of reprisal\u2014\u201cIf they attack again, which I would strongly advise them not to do, we will hit them harder than they have ever been hit before!&#8221;\u2014has forced Indian oil marketing companies to take a closer look at their costs.<\/p>\n<p>Officials from oil companies fear that the cost of operation at refineries will go up if crude prices breach the $70 per barrel mark, as is expected by markets.<\/p>\n<p>Crude oil prices closed more than 4% higher on Friday than the previous close, the highest since September, after a US drone strike killed Iranian military commander Qassem Soleimani in Baghdad, fuelling concerns that escalating US-Iran conflict may disrupt oil supplies. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump\u2019s rhetoric is worrying Indian oil marketing companies. Trump\u2019s tweet reacting to Iranian threats of reprisal\u2014\u201cIf they attack again, which I would strongly advise them not to do, we will hit them harder than they have ever been hit before!&#8221;\u2014has forced Indian oil marketing companies to take a closer look at their costs. Officials from oil companies fear that the cost of operation at refineries will go up if crude prices breach the $70 per barrel mark, as is expected by markets. Crude oil prices closed more than 4% higher on Friday than the previous close, the highest [&hellip;]<\/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-308962","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\/308962","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=308962"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308962\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}