{"id":485164,"date":"2022-04-19T09:12:38","date_gmt":"2022-04-19T03:42:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=485164"},"modified":"2022-04-19T09:44:16","modified_gmt":"2022-04-19T04:14:16","slug":"global-oil-prices-rise-as-libya-outages-add-to-russia-supply-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-oil-prices-rise-as-libya-outages-add-to-russia-supply-fears\/","title":{"rendered":"Global oil prices rise as Libya outages add to Russia supply fears"},"content":{"rendered":"<p>Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand.<\/p>\n<p>Adding to supply pressures from sanctions on Russia, Libya&#8217;s National Oil Corp on Monday warned &#8220;a painful wave of closures&#8221; had begun hitting its facilities and declared force majeure at Al-Sharara oilfield and other sites.<\/p>\n<p>&#8220;With global supplies now so tight, even the most minor disruption is likely to have an outsized impact on prices,&#8221; said Jeffrey Halley, analyst at brokerage OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand. Adding to supply pressures from sanctions on Russia, Libya&#8217;s National Oil Corp on Monday warned &#8220;a painful wave of closures&#8221; had begun hitting its facilities and declared force majeure at Al-Sharara oilfield and other sites. &#8220;With global supplies now so tight, even the most minor disruption is likely to have an outsized impact on prices,&#8221; said Jeffrey Halley, analyst at brokerage OANDA.<\/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-485164","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\/485164","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=485164"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485164\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=485164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=485164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=485164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}