{"id":400360,"date":"2021-02-15T10:24:00","date_gmt":"2021-02-15T04:54:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400360"},"modified":"2021-02-15T10:24:00","modified_gmt":"2021-02-15T04:54:00","slug":"oil-rallies-as-texas-wintry-weather-seen-curbing-shale-supplies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rallies-as-texas-wintry-weather-seen-curbing-shale-supplies\/","title":{"rendered":"Oil rallies as Texas\u2019 wintry weather seen curbing shale supplies"},"content":{"rendered":"<p>Oil hit a fresh 13-month high as cold weather in Texas may see supply curbed from America\u2019s largest shale patch.<\/p>\n<p>U.S. West Texas Intermediate futures surged as much as 2.2% in early Asian trade, rising above $60 a barrel for the first time in more than a year. Brent crude in London rallied past $63. Traders estimate a few hundred thousand barrels a day of output in Texas may be impacted by well shutdowns, disrupted road transport and power outages, crimping American supplies just as global markets are seen to have rebalanced.<\/p>\n<p>The Arctic blast gripping the central U.S. may threaten exports from one of the world\u2019s top producers amid rapidly-normalizing global stockpiles that point to the success OPEC+ has had in draining a surplus left in the wake of the pandemic. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil hit a fresh 13-month high as cold weather in Texas may see supply curbed from America\u2019s largest shale patch. U.S. West Texas Intermediate futures surged as much as 2.2% in early Asian trade, rising above $60 a barrel for the first time in more than a year. Brent crude in London rallied past $63. Traders estimate a few hundred thousand barrels a day of output in Texas may be impacted by well shutdowns, disrupted road transport and power outages, crimping American supplies just as global markets are seen to have rebalanced. The Arctic blast gripping the central U.S. may [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-400360","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400360","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400360"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400360\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}