{"id":432986,"date":"2021-08-31T09:10:59","date_gmt":"2021-08-31T03:40:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432986"},"modified":"2021-08-31T10:34:56","modified_gmt":"2021-08-31T05:04:56","slug":"oil-prices-up-off-session-highs-after-ida-opec-looks-to-boost-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-up-off-session-highs-after-ida-opec-looks-to-boost-output\/","title":{"rendered":"Oil prices up, off session highs after Ida; OPEC+ looks to boost output"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil edged higher on Monday, but remained below session highs as Hurricane Ida weakened after forcing shutdowns of U.S. Gulf oil production, and OPEC+ looked set to go ahead with a planned oil output increase. <\/p>\n<p>Within 12 hours of coming ashore, the storm had weakened into a Category 1 hurricane. Nearly all offshore Gulf oil production, or 1.74 million barrels per day, was suspended in advance of the storm.<\/p>\n<p>The storm&#8217;s move inland shifted the focus to when oil refiners can restart and produce fuels after heavy winds and rains. <\/p>\n<p>&#8220;We&#8217;re in wait-and see mode on how badly the refiners will be impacted by the power outages,&#8221; said John Kilduff, a partner at Again Capital Management in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil edged higher on Monday, but remained below session highs as Hurricane Ida weakened after forcing shutdowns of U.S. Gulf oil production, and OPEC+ looked set to go ahead with a planned oil output increase. Within 12 hours of coming ashore, the storm had weakened into a Category 1 hurricane. Nearly all offshore Gulf oil production, or 1.74 million barrels per day, was suspended in advance of the storm. The storm&#8217;s move inland shifted the focus to when oil refiners can restart and produce fuels after heavy winds and rains. &#8220;We&#8217;re in wait-and see mode on how [&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-432986","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\/432986","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=432986"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432986\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}