{"id":627795,"date":"2024-01-12T10:36:26","date_gmt":"2024-01-12T05:06:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627795"},"modified":"2024-01-12T12:10:38","modified_gmt":"2024-01-12T06:40:38","slug":"what-is-happening-to-oil-oil-remaining-calm-despite-conflict-in-west-asia-perhaps-indicates-that-market-has-realised-that-global-push-to-renewables-is-much-stronger-now","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-is-happening-to-oil-oil-remaining-calm-despite-conflict-in-west-asia-perhaps-indicates-that-market-has-realised-that-global-push-to-renewables-is-much-stronger-now\/","title":{"rendered":"What is happening to oil? Oil remaining calm despite conflict in West Asia perhaps indicates that market has realised that global push to renewables is much stronger now"},"content":{"rendered":"<p>It\u2019s beginning to look like oil is less and less a critical commodity. <\/p>\n<p>Brent spiked by 30% from around $100 a barrel when Russia invaded Ukraine (February 24, 2022) and became even more volatile than usual, but by August it had subsided to below $100, and has continued to fall since then. Indeed, even the Hamas attack on Israel (October 7, 2023), with many pundits expecting a much wider escalation in the Middle East, has not had any material impact\u2014oil rose by less than 0.5% the day following the attack and, again, has fallen since then and currently trading at under $78 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s beginning to look like oil is less and less a critical commodity. Brent spiked by 30% from around $100 a barrel when Russia invaded Ukraine (February 24, 2022) and became even more volatile than usual, but by August it had subsided to below $100, and has continued to fall since then. Indeed, even the Hamas attack on Israel (October 7, 2023), with many pundits expecting a much wider escalation in the Middle East, has not had any material impact\u2014oil rose by less than 0.5% the day following the attack and, again, has fallen since then and currently trading at [&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":[130,195,138],"tags":[],"class_list":["post-627795","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627795","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=627795"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627795\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}