{"id":311213,"date":"2020-01-20T11:45:41","date_gmt":"2020-01-20T06:15:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=311213"},"modified":"2020-01-20T11:57:14","modified_gmt":"2020-01-20T06:27:14","slug":"oil-surges-as-libyan-pipeline-shutdown-cripples-output-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-surges-as-libyan-pipeline-shutdown-cripples-output-2\/","title":{"rendered":"Oil surges as Libyan pipeline shutdown cripples output"},"content":{"rendered":"<p>Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.<\/p>\n<p>Brent crude futures were up by 75 cents, or 1.2%, to $65.60 by 0109 GMT, having earlier reached $66.00 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was up by 60 cents, or 1%, at $59.14 a barrel, after rising to $59.73, the highest since Jan. 10.<\/p>\n<p>In the latest development in a long-running conflict in Libya, where two rival factions have claimed the right to rule the country for more than five years, the National Oil Corporation (NOC) on Sunday said two big oilfields in the southwest had begun shutting down after forces loyal to the Libyan National Army closed a pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude futures were up by 75 cents, or 1.2%, to $65.60 by 0109 GMT, having earlier reached $66.00 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was up by 60 cents, or 1%, at $59.14 a barrel, after rising to $59.73, the highest since Jan. 10. In the latest development in a long-running conflict in Libya, where two rival [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-311213","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311213","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=311213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=311213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=311213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=311213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}