{"id":602194,"date":"2023-09-06T11:14:30","date_gmt":"2023-09-06T05:44:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602194"},"modified":"2023-09-06T11:14:30","modified_gmt":"2023-09-06T05:44:30","slug":"trafigura-executive-says-oil-market-vulnerable-to-price-spikes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/trafigura-executive-says-oil-market-vulnerable-to-price-spikes\/","title":{"rendered":"Trafigura executive says oil market vulnerable to price spikes"},"content":{"rendered":"<p>The oil market is vulnerable to price spikes due to low inventories and underinvestment in new oilfields, a senior official at global commodities trading firm Trafigura said on Monday.<\/p>\n<p>While the market sees the fair price for oil at $72 to $88 per barrel, &#8220;the markets are probably a bit too relaxed,&#8221; Ben Luckock, co-head of oil trading at Trafigura, told the APPEC conference in Singapore.<\/p>\n<p>Brent crude was trading above $88 in Asia trade on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The oil market is vulnerable to price spikes due to low inventories and underinvestment in new oilfields, a senior official at global commodities trading firm Trafigura said on Monday. While the market sees the fair price for oil at $72 to $88 per barrel, &#8220;the markets are probably a bit too relaxed,&#8221; Ben Luckock, co-head of oil trading at Trafigura, told the APPEC conference in Singapore. Brent crude was trading above $88 in Asia trade on Monday.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-602194","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602194","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=602194"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602194\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}