{"id":279779,"date":"2019-06-29T05:59:35","date_gmt":"2019-06-29T05:59:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279779"},"modified":"2019-06-29T05:59:35","modified_gmt":"2019-06-29T05:59:35","slug":"opec-faces-output-balancing-act-over-us-iran-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-faces-output-balancing-act-over-us-iran-crisis\/","title":{"rendered":"OPEC faces output balancing act over US-Iran crisis"},"content":{"rendered":"<p>OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains &#8212; but the cartel and other crude-producing nations are unlikely to end output cuts at a meeting Tuesday, traders say.<\/p>\n<p>The Organisation of the Petroleum Exporting Countries, a cartel of 14 countries pumping one third of the world&#8217;s oil, is acutely aware that a faltering global economy is sapping growth in crude demand, helping to offset fears of potential supply disruptions in the Middle East.<\/p>\n<p>Ministers from OPEC&#8217;s member-nations meet in Vienna on Monday, before gathering a day later for the OPEC+, a group of 24 oil-producing countries that includes major crude supplier Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains &#8212; but the cartel and other crude-producing nations are unlikely to end output cuts at a meeting Tuesday, traders say. The Organisation of the Petroleum Exporting Countries, a cartel of 14 countries pumping one third of the world&#8217;s oil, is acutely aware that a faltering global economy is sapping growth in crude demand, helping to offset fears of potential supply disruptions in the Middle East. Ministers from OPEC&#8217;s member-nations meet in Vienna on Monday, before gathering a day later for the OPEC+, a group of [&hellip;]<\/p>\n","protected":false},"author":39,"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-279779","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\/279779","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279779"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279779\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}