{"id":341004,"date":"2020-03-09T11:30:38","date_gmt":"2020-03-09T06:00:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341004"},"modified":"2020-03-09T12:08:13","modified_gmt":"2020-03-09T06:38:13","slug":"goldman-sachs-cuts-brent-forecasts-to-30-on-price-war-virus-impact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-sachs-cuts-brent-forecasts-to-30-on-price-war-virus-impact\/","title":{"rendered":"Goldman Sachs cuts Brent forecasts to $30 on price war, virus impact"},"content":{"rendered":"<p>Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oilNSE -9.17 % price war between Russia and Saudi Arabia and a signi\ufb01cant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally.<\/p>\n<p>Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the virus outbreak.<\/p>\n<p>&#8220;The aggressive cut to Saudi&#8217;s Official Selling Prices and Russia&#8217;s reluctance to be pushed into a deal on Friday point to a low probability of an immediate (OPEC+) agreement,&#8221; Goldman said in a note dated March 8.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oilNSE -9.17 % price war between Russia and Saudi Arabia and a signi\ufb01cant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally. Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the virus outbreak. &#8220;The aggressive cut to Saudi&#8217;s Official Selling Prices and Russia&#8217;s reluctance to be pushed [&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":[130,191,136],"tags":[],"class_list":["post-341004","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341004","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=341004"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341004\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}