{"id":607039,"date":"2023-09-29T09:45:48","date_gmt":"2023-09-29T04:15:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=607039"},"modified":"2023-09-29T11:31:27","modified_gmt":"2023-09-29T06:01:27","slug":"nearby-brent-crude-contract-spread-hits-2023-high-on-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nearby-brent-crude-contract-spread-hits-2023-high-on-tight-supply\/","title":{"rendered":"Nearby Brent crude contract spread hits 2023 high on tight supply"},"content":{"rendered":"<p>The spread between the front and second month contract for global oil benchmark Brent has widened to its highest this year, in another strong indicator of a supply deficit fuelled by protracted voluntary cuts from OPEC+. <\/p>\n<p>Brent, which is used to price more than three-quarters of the world&#8217;s traded oil, has been rising since late June, as leading producer Saudi Arabia spearheaded output cuts. <\/p>\n<p>The premium of the front month Brent contract to the second-month contract rose to as much as $2.45 a barrel on Thursday, the highest since October 2022. The November contract expires on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The spread between the front and second month contract for global oil benchmark Brent has widened to its highest this year, in another strong indicator of a supply deficit fuelled by protracted voluntary cuts from OPEC+. Brent, which is used to price more than three-quarters of the world&#8217;s traded oil, has been rising since late June, as leading producer Saudi Arabia spearheaded output cuts. The premium of the front month Brent contract to the second-month contract rose to as much as $2.45 a barrel on Thursday, the highest since October 2022. The November contract expires on Friday.<\/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-607039","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\/607039","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=607039"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607039\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=607039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=607039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=607039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}