{"id":442558,"date":"2021-10-14T09:22:08","date_gmt":"2021-10-14T03:52:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442558"},"modified":"2021-10-14T11:07:40","modified_gmt":"2021-10-14T05:37:40","slug":"oil-holds-above-80-as-iea-warns-of-volatility-higher-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-above-80-as-iea-warns-of-volatility-higher-prices\/","title":{"rendered":"Oil holds above $80 as IEA warns of volatility, higher prices"},"content":{"rendered":"<p>Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Energy Agency warned of a spike in volatility and scope for higher prices. <\/p>\n<p>West Texas Intermediate was steady after posting the highest close since October 2014 as the IEA said in a flagship report that the world was failing to invest in energy on the scale that\u2019s needed to avoid sharp increases in fossil-fuel prices and at the same time escape catastrophic climate change. <\/p>\n<p>In the physical market, Russian Sokol &#8212; a diesel-rich grade when refined &#8212; has hit the highest premium to benchmark prices since January 2020, according to traders and data compiled by Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Energy Agency warned of a spike in volatility and scope for higher prices. West Texas Intermediate was steady after posting the highest close since October 2014 as the IEA said in a flagship report that the world was failing to invest in energy on the scale that\u2019s needed to avoid sharp increases in fossil-fuel prices and at the same time escape catastrophic climate change. In the physical market, Russian Sokol &#8212; a diesel-rich grade when refined &#8212; has hit the [&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-442558","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\/442558","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=442558"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442558\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}