{"id":424686,"date":"2021-07-07T08:59:08","date_gmt":"2021-07-07T03:29:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424686"},"modified":"2021-07-07T09:56:59","modified_gmt":"2021-07-07T04:26:59","slug":"with-oil-market-in-limbo-heres-how-analysts-see-things-playing-out","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-oil-market-in-limbo-heres-how-analysts-see-things-playing-out\/","title":{"rendered":"With oil market in limbo, here&#8217;s how analysts see things playing out"},"content":{"rendered":"<p>The breakdown of OPEC+\u2019s meeting on production levels has left the oil market in limbo. The immediate consequence is that an expected increase in output in August now likely won\u2019t happen, leaving the world short of barrels as the economic recovery gathers pace.<\/p>\n<p>The lack of unity within the alliance has also raised the specter of a repeat of last year\u2019s price war when members pumped at will and sent oil prices crashing. The situation is still very fluid and it\u2019s possible talks could be revived in the coming days. Here\u2019s how analysts see things playing out. <\/p>\n<p>UBS <\/p>\n<p>With no more OPEC+ supply imminent, the oil market is likely to tighten further and that could result in Brent climbing to $80 a barrel by September, analyst Giovanni Staunovo said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The breakdown of OPEC+\u2019s meeting on production levels has left the oil market in limbo. The immediate consequence is that an expected increase in output in August now likely won\u2019t happen, leaving the world short of barrels as the economic recovery gathers pace. The lack of unity within the alliance has also raised the specter of a repeat of last year\u2019s price war when members pumped at will and sent oil prices crashing. The situation is still very fluid and it\u2019s possible talks could be revived in the coming days. Here\u2019s how analysts see things playing out. UBS With no [&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-424686","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\/424686","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=424686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}