{"id":514261,"date":"2022-08-16T10:25:58","date_gmt":"2022-08-16T04:55:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=514261"},"modified":"2022-08-16T11:47:41","modified_gmt":"2022-08-16T06:17:41","slug":"oil-drops-over-3-a-barrel-as-china-data-disappoints-iran-talks-in-focus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-over-3-a-barrel-as-china-data-disappoints-iran-talks-in-focus\/","title":{"rendered":"Oil drops over $3 a barrel as China data disappoints, Iran talks in focus"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world&#8217;s largest crude importer, and ahead of Iran&#8217;s response to a nuclear deal proposal which could raise the country&#8217;s oil exports.<\/p>\n<p>Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday.<\/p>\n<p>U.S. West Texas Intermediate crude was down $3.32, or 3.61% at $88.77, after a 2.4% drop in the previous session.<\/p>\n<p>China&#8217;s economy unexpectedly slowed in July, while refinery output slipped to 12.53 million barrels per day, its lowest since March 2020, government data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world&#8217;s largest crude importer, and ahead of Iran&#8217;s response to a nuclear deal proposal which could raise the country&#8217;s oil exports. Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was down $3.32, or 3.61% at $88.77, after a 2.4% drop in the previous session. China&#8217;s economy unexpectedly slowed in July, while refinery output slipped to 12.53 million barrels per day, its lowest since [&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-514261","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\/514261","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=514261"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514261\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=514261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=514261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=514261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}