{"id":304901,"date":"2019-12-10T11:26:10","date_gmt":"2019-12-10T05:56:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304901"},"modified":"2019-12-10T11:38:55","modified_gmt":"2019-12-10T06:08:55","slug":"the-impact-of-opecs-production-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/the-impact-of-opecs-production-cuts\/","title":{"rendered":"The impact of Opec\u2019s production cuts"},"content":{"rendered":"<p>On Friday, the Organization of the Petroleum Exporting Countries (Opec) and its non-Opec allies (together called Opec+) decided to cut oil production by another 500,000 barrels per day (b\/d). <\/p>\n<p>This is over and above the production cut of 1.2 million b\/d (m b\/d) announced in December last year. Additionally, several participating countries, mainly Saudi Arabia, will continue their additional voluntary cuts in production, leading to adjustments of about 2.1 m b\/d. The latest cuts will be effective for the March quarter (Q1 CY20). <\/p>\n<p>But analysts are not too gung-ho about the impact of these cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the Organization of the Petroleum Exporting Countries (Opec) and its non-Opec allies (together called Opec+) decided to cut oil production by another 500,000 barrels per day (b\/d). This is over and above the production cut of 1.2 million b\/d (m b\/d) announced in December last year. Additionally, several participating countries, mainly Saudi Arabia, will continue their additional voluntary cuts in production, leading to adjustments of about 2.1 m b\/d. The latest cuts will be effective for the March quarter (Q1 CY20). But analysts are not too gung-ho about the impact of these cuts.<\/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":[139,130,187],"tags":[],"class_list":["post-304901","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304901","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=304901"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304901\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}