{"id":403532,"date":"2021-03-08T10:28:24","date_gmt":"2021-03-08T04:58:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403532"},"modified":"2021-03-08T10:28:24","modified_gmt":"2021-03-08T04:58:24","slug":"oil-jumps-above-70-after-saudi-arabian-crude-terminal-attacked","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-above-70-after-saudi-arabian-crude-terminal-attacked\/","title":{"rendered":"Oil jumps above $70 after Saudi Arabian crude terminal attacked"},"content":{"rendered":"<p>Oil surged above $70 a barrel in early Asian trading after Saudi Arabia said an energy facility was attacked, with prices extending gains after OPEC+ last week said it would keep production steady.<\/p>\n<p>Futures in London jumped as much as 2.6% after rising 4.9% last week. The kingdom said a storage tank in the Ras Tanura export terminal in the country\u2019s Gulf coast was attacked on Sunday by a drone from the sea. Output appeared to be unaffected after the barrage of missiles and drones were intercepted.<\/p>\n<p>Oil climbed last week after Saudi Arabia and OPEC+ made a surprise pledge to maintain output steady in April, accelerating a rally this year that has seen prices surge more than 35%. The move prompted a raft of investment banks to raise their price forecasts, with Goldman Sachs Group Inc. estimating global benchmark Brent will top $80 a barrel in the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil surged above $70 a barrel in early Asian trading after Saudi Arabia said an energy facility was attacked, with prices extending gains after OPEC+ last week said it would keep production steady. Futures in London jumped as much as 2.6% after rising 4.9% last week. The kingdom said a storage tank in the Ras Tanura export terminal in the country\u2019s Gulf coast was attacked on Sunday by a drone from the sea. Output appeared to be unaffected after the barrage of missiles and drones were intercepted. Oil climbed last week after Saudi Arabia and OPEC+ made a surprise pledge [&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-403532","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\/403532","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=403532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}