{"id":41783,"date":"2021-02-19T17:05:30","date_gmt":"2021-02-19T13:05:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41783"},"modified":"2021-02-19T17:05:33","modified_gmt":"2021-02-19T13:05:33","slug":"goldman-expects-limited-impact-on-price-of-oil-due-to-the-freezing-weather-in-texas","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/goldman-expects-limited-impact-on-price-of-oil-due-to-the-freezing-weather-in-texas\/02\/19\/market-updates\/","title":{"rendered":"Goldman Expects Limited Impact on Price of Oil Due to The Freezing Weather in Texas"},"content":{"rendered":"\n<p>Goldman Sachs said in a note that a wave of freezing weather in Texas caused blackouts and disruptions to refineries and pipelines that would have a limited and only temporary impact on the global oil market.<\/p>\n\n\n\n<p>Oil prices fell by up to 2% on Friday, due to fears that the refineries will take time to resume operations after a wave of cold weather in the American south, causing a gap in demand, while OPEC+ supplies are expected to rise.<\/p>\n\n\n\n<p>Texas power outages continued for a sixth day on Thursday, while the impact of reduced supplies extended from the largest energy-producing state in the United States to neighbouring Mexico.<\/p>\n\n\n\n<p>The bank estimates an average drop of 700,000 barrels per day in February&#8217;s onshore crude production in 48 US states, while production is expected to recover quickly thanks to expectations of higher temperatures at the end of the week.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs said in a note that a wave of freezing weather in Texas caused blackouts and disruptions to refineries and pipelines that would have a limited and only temporary impact on the global oil market. Oil prices fell by up to 2% on Friday, due to fears that the refineries will take time to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7238,6858],"class_list":["post-41783","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-goldman-sachs","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41783"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41783\/revisions"}],"predecessor-version":[{"id":41784,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41783\/revisions\/41784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35469"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}