{"id":373949,"date":"2020-09-17T09:24:50","date_gmt":"2020-09-17T03:54:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373949"},"modified":"2020-09-17T11:40:41","modified_gmt":"2020-09-17T06:10:41","slug":"oil-gains-as-hurricane-shuts-us-output-stockpiles-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-as-hurricane-shuts-us-output-stockpiles-fall\/","title":{"rendered":"Oil gains as hurricane shuts US output, stockpiles fall"},"content":{"rendered":"<p>Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted US offshore oil and gas production and an industry report showed a big drop in US crude stockpiles.<\/p>\n<p>Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT, while US crude gained 18 cents, or 0.5%, to $38.46 a barrel. Both contracts rose by more than 2% on Tuesday.<\/p>\n<p>More than 25% of US offshore oil and gas output was shut and export ports were closed on Tuesday as Hurricane Sally sat just off the US Gulf Coast.<\/p>\n<p>&#8220;Our current estimate for the total outage associated with the Sally weather system is between 3 million and 6 million barrels of oil over approximately 11 days,&#8221; Rystad Energy said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted US offshore oil and gas production and an industry report showed a big drop in US crude stockpiles. Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT, while US crude gained 18 cents, or 0.5%, to $38.46 a barrel. Both contracts rose by more than 2% on Tuesday. More than 25% of US offshore oil and gas output was shut and export ports were closed on Tuesday as Hurricane Sally sat just off the US Gulf Coast. &#8220;Our [&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":[146,130,177],"tags":[],"class_list":["post-373949","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\/373949","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=373949"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373949\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}