{"id":275209,"date":"2019-05-20T06:20:57","date_gmt":"2019-05-20T06:20:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275209"},"modified":"2019-05-20T06:20:57","modified_gmt":"2019-05-20T06:20:57","slug":"oil-prices-opec-job-isnt-done-as-oil-inventory-rising-says-uae-minister","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-opec-job-isnt-done-as-oil-inventory-rising-says-uae-minister\/","title":{"rendered":"Oil prices: OPEC+ job isn\u2019t done as oil inventory rising, says UAE minister"},"content":{"rendered":"<p>Efforts by OPEC and its allies to balance the global supply and demand of oil aren\u2019t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei.<\/p>\n<p>\u201cThe job is not complete,\u201d Al Mazrouei told reporters in the Saudi Arabian city of Jeddah. \u201cWe are still seeing some inventory buildup and we need to attend to it.\u201d<\/p>\n<p>Saudi Arabia, Russia and other oil producers in a global coalition are meeting in Jeddah this weekend to consider whether they\u2019ll need to continue keeping supplies restrained during the second half of the year. While U.S. President Donald Trump\u2019s squeeze on Iran\u2019s oil exports threatens to cause a shortage, the producers are wary of opening the taps too soon. Global supplies are also strained by a crisis over contaminated Russian crude and simmering geopolitical tensions from Venezuela to Libya.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Efforts by OPEC and its allies to balance the global supply and demand of oil aren\u2019t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei. \u201cThe job is not complete,\u201d Al Mazrouei told reporters in the Saudi Arabian city of Jeddah. \u201cWe are still seeing some inventory buildup and we need to attend to it.\u201d Saudi Arabia, Russia and other oil producers in a global coalition are meeting in Jeddah this weekend to consider whether they\u2019ll need to continue keeping supplies restrained during the second half of the year. While U.S. [&hellip;]<\/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":[130,195,138],"tags":[],"class_list":["post-275209","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\/275209","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=275209"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275209\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}