{"id":296411,"date":"2019-10-16T11:51:12","date_gmt":"2019-10-16T06:21:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296411"},"modified":"2019-10-16T11:53:40","modified_gmt":"2019-10-16T06:23:40","slug":"india-urges-against-more-output-cuts-opec-wont-let-slump-recur","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-urges-against-more-output-cuts-opec-wont-let-slump-recur\/","title":{"rendered":"India urges against more output cuts; Opec won\u2019t let slump recur"},"content":{"rendered":"<p>NEW DELHI: The Organisation of Petroleum Exporting Countries (Opec) vowed on Tuesday not to permit a relapse of the oil market downturn while key consumer India urged it to resist deepening production cut.<\/p>\n<p>&#8220;We are determined not to allow a relapse of the downturn that we just navigated out of. We will do whatever is possible within the powers to ensure this relative stability is sustained beyond 2020,&#8221; Opec secretary general Mohammad Sanusi Barkindo told an industry conference.<\/p>\n<p>Oil prices were trading around $59 a barrel on Tuesday, down about $10 from a month ago when a drone attack on a Saudi facility had briefly pushed prices above $70. Prices have since mostly traded around $60 as Saudi production has returned to normal and concerns have risen about global economic growth and oil demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Organisation of Petroleum Exporting Countries (Opec) vowed on Tuesday not to permit a relapse of the oil market downturn while key consumer India urged it to resist deepening production cut. &#8220;We are determined not to allow a relapse of the downturn that we just navigated out of. We will do whatever is possible within the powers to ensure this relative stability is sustained beyond 2020,&#8221; Opec secretary general Mohammad Sanusi Barkindo told an industry conference. Oil prices were trading around $59 a barrel on Tuesday, down about $10 from a month ago when a drone attack on [&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":[130,191,136],"tags":[],"class_list":["post-296411","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296411","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=296411"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296411\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}