{"id":303887,"date":"2019-12-03T10:29:45","date_gmt":"2019-12-03T04:59:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303887"},"modified":"2019-12-03T10:52:51","modified_gmt":"2019-12-03T05:22:51","slug":"oil-prices-jump-above-61-a-barrel-on-talks-of-further-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-above-61-a-barrel-on-talks-of-further-opec-supply-cuts\/","title":{"rendered":"Oil prices jump above $61 a barrel on talks of further OPEC supply cuts"},"content":{"rendered":"<p>Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. <\/p>\n<p>The Organization of the Petroleum Exporting Countries and allies including Russia are expected to extend output cuts this week and could increase the size of the curb by at least 400,000 barrels per day (bpd), two sources said. <\/p>\n<p>&#8220;There is a discussion about a deeper cut taking place,&#8221; an OPEC source said, citing forecasts of oversupply in the first six months of 2020. &#8220;There is a big stock build in the first half of the year &#8211; we need to keep an eye on that.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. The Organization of the Petroleum Exporting Countries and allies including Russia are expected to extend output cuts this week and could increase the size of the curb by at least 400,000 barrels per day (bpd), two sources said. &#8220;There is a discussion about a deeper cut taking place,&#8221; an OPEC source said, citing forecasts of oversupply in the first six months of 2020. [&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":[135,130,169],"tags":[],"class_list":["post-303887","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\/303887","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=303887"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303887\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}