{"id":437678,"date":"2021-09-23T08:58:07","date_gmt":"2021-09-23T03:28:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=437678"},"modified":"2021-09-23T09:48:17","modified_gmt":"2021-09-23T04:18:17","slug":"opec-nations-warn-of-oil-market-turbulence-from-gas-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-nations-warn-of-oil-market-turbulence-from-gas-crisis\/","title":{"rendered":"OPEC nations warn of oil market turbulence from gas crisis"},"content":{"rendered":"<p>As the global natural gas crunch hits suppliers and consumers alike, Organization of the Petroleum Exporting Countries (Opec) nations are warning of the knock-on impact for oil markets.<\/p>\n<p>Iraq expects higher demand for crude as the shortfall of gas forces consumers to look for alternative fuels, Oil Minister Ihsan Abdul Jabbar said on Wednesday.<\/p>\n<p>The head of Nigeria\u2019s state oil firm, Mele Kyari, predicted that petroleum demand could be boosted by 1 million barrels a day, with prices potentially gaining $10 a barrel over the next six months.<\/p>\n<p>While the two exporters are hardly neutral observers of the situation, their views echo thinking that\u2019s increasingly widespread in the market. Brent futures are already at $75 a barrel, approaching this year\u2019s peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the global natural gas crunch hits suppliers and consumers alike, Organization of the Petroleum Exporting Countries (Opec) nations are warning of the knock-on impact for oil markets. Iraq expects higher demand for crude as the shortfall of gas forces consumers to look for alternative fuels, Oil Minister Ihsan Abdul Jabbar said on Wednesday. The head of Nigeria\u2019s state oil firm, Mele Kyari, predicted that petroleum demand could be boosted by 1 million barrels a day, with prices potentially gaining $10 a barrel over the next six months. While the two exporters are hardly neutral observers of the situation, their [&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-437678","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\/437678","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=437678"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/437678\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=437678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=437678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=437678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}