{"id":397503,"date":"2021-01-28T08:40:51","date_gmt":"2021-01-28T03:10:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397503"},"modified":"2021-01-28T09:25:52","modified_gmt":"2021-01-28T03:55:52","slug":"oil-prices-steady-with-market-structure-pointing-to-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-with-market-structure-pointing-to-tight-supply\/","title":{"rendered":"Oil prices steady with market structure pointing to tight supply"},"content":{"rendered":"<p>Oil steadied near $53 a barrel as signs of tightening supplies around the world offset concerns over the pandemic\u2019s latest hit to demand. US industry data pointed to a sharp drop in the nation\u2019s crude stockpiles last week. If confirmed by government figures due Wednesday it would a sixth draw in seven weeks, compounding signals of reduced supply from other regions. <\/p>\n<p>Saudi Arabia and Iraq are throttling back supplies next month as the OPEC+ coalition seeks to shore up prices against resurgent virus infections and new lockdowns. Russia is reducing seaborne exports and Libya has seen shipments interrupted by internal turmoil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil steadied near $53 a barrel as signs of tightening supplies around the world offset concerns over the pandemic\u2019s latest hit to demand. US industry data pointed to a sharp drop in the nation\u2019s crude stockpiles last week. If confirmed by government figures due Wednesday it would a sixth draw in seven weeks, compounding signals of reduced supply from other regions. Saudi Arabia and Iraq are throttling back supplies next month as the OPEC+ coalition seeks to shore up prices against resurgent virus infections and new lockdowns. Russia is reducing seaborne exports and Libya has seen shipments interrupted by internal [&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":[135,130,169],"tags":[],"class_list":["post-397503","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397503","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=397503"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397503\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}