{"id":400885,"date":"2021-02-18T10:21:04","date_gmt":"2021-02-18T04:51:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400885"},"modified":"2021-02-18T10:43:55","modified_gmt":"2021-02-18T05:13:55","slug":"brent-oil-passes-65-with-us-crisis-now-a-global-supply-shock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-passes-65-with-us-crisis-now-a-global-supply-shock\/","title":{"rendered":"Brent oil passes $65 with US crisis now a global supply shock"},"content":{"rendered":"<p>Brent oil blew past $65 a barrel as a cold blast that\u2019s taken out almost 40% of U.S. crude production morphed into a global supply shock.<\/p>\n<p>Futures in London jumped as much as 1.8% at the open after closing at the highest in almost 13 months. The global crude benchmark last traded above $65 on Jan. 21, 2020 before Covid-19 wreaked havoc on energy markets.<\/p>\n<p>More than 4 million barrels a day of U.S. oil output is now offline, according to traders and executives, amid an unprecedented cold snap that\u2019s frozen well operations and led to widespread power cuts. A spate of refinery outages has curbed demand for crude in the country, however, while gasoline consumption is also down as the icy conditions keep many Americans off the roads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil blew past $65 a barrel as a cold blast that\u2019s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London jumped as much as 1.8% at the open after closing at the highest in almost 13 months. The global crude benchmark last traded above $65 on Jan. 21, 2020 before Covid-19 wreaked havoc on energy markets. More than 4 million barrels a day of U.S. oil output is now offline, according to traders and executives, amid an unprecedented cold snap that\u2019s frozen well operations and led to widespread power cuts. A [&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-400885","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\/400885","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=400885"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400885\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}