{"id":336129,"date":"2020-02-05T11:52:41","date_gmt":"2020-02-05T06:22:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336129"},"modified":"2020-02-05T12:15:40","modified_gmt":"2020-02-05T06:45:40","slug":"oil-price-volatility-to-remain-elevated-on-virus-worries-goldman-sachs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-volatility-to-remain-elevated-on-virus-worries-goldman-sachs\/","title":{"rendered":"Oil price volatility to remain elevated on virus worries: Goldman Sachs"},"content":{"rendered":"<p>The global oil market expects the coronavirus outbreak to create a large demand shock and keep volatility in spot prices elevated, Goldman Sachs said. <\/p>\n<p>The market is pricing in a 500,000 barrels per day average year-on-year loss in oil demand for 2020, all else constant (except for the positive impact of lower oil prices on demand), the Wall Street Bank said in a note dated Feb. 3. <\/p>\n<p>Crude oil prices fell to their lowest in more than a year on Monday as the virus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global oil market expects the coronavirus outbreak to create a large demand shock and keep volatility in spot prices elevated, Goldman Sachs said. The market is pricing in a 500,000 barrels per day average year-on-year loss in oil demand for 2020, all else constant (except for the positive impact of lower oil prices on demand), the Wall Street Bank said in a note dated Feb. 3. Crude oil prices fell to their lowest in more than a year on Monday as the virus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.<\/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":[146,130,177],"tags":[],"class_list":["post-336129","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336129","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=336129"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336129\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}