{"id":569835,"date":"2023-04-15T10:38:06","date_gmt":"2023-04-15T05:08:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569835"},"modified":"2023-04-15T11:35:09","modified_gmt":"2023-04-15T06:05:09","slug":"oil-climbs-on-tightening-supply-iea-demand-outlook-awaited","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-on-tightening-supply-iea-demand-outlook-awaited\/","title":{"rendered":"Oil climbs on tightening supply; IEA demand outlook awaited"},"content":{"rendered":"<p>Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to the International Energy Agency&#8217;s (IEA) monthly report later in the day to clarify the global demand outlook.<\/p>\n<p>Brent crude futures climbed 34 cents, or 0.39 per cent, to $86.43 per barrel by 0347 GMT. West Texas Intermediate crude futures (WTI) rose 40 cents, or 0.49 per cent, to $82.56.<\/p>\n<p>Both benchmarks fell more than 1 per cent in the previous session.<\/p>\n<p>&#8220;Russian exports are showing signs of weakening as production is reported to have been curtailed by 700,000 barrels per day (bpd),&#8221; said analysts from ANZ Bank in a client note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to the International Energy Agency&#8217;s (IEA) monthly report later in the day to clarify the global demand outlook. Brent crude futures climbed 34 cents, or 0.39 per cent, to $86.43 per barrel by 0347 GMT. West Texas Intermediate crude futures (WTI) rose 40 cents, or 0.49 per cent, to $82.56. Both benchmarks fell more than 1 per cent in the previous session. &#8220;Russian exports are showing signs of weakening as production is reported to have been curtailed by 700,000 barrels per [&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":[146,130,177],"tags":[],"class_list":["post-569835","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569835","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=569835"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569835\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}