{"id":305461,"date":"2019-12-13T10:29:28","date_gmt":"2019-12-13T04:59:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305461"},"modified":"2019-12-13T10:56:25","modified_gmt":"2019-12-13T05:26:25","slug":"oil-markets-unbalanced-despite-additional-opec-cuts-international-agency","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-markets-unbalanced-despite-additional-opec-cuts-international-agency\/","title":{"rendered":"Oil markets unbalanced despite additional OPEC cuts: International agency"},"content":{"rendered":"<p>Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. <\/p>\n<p>Meanwhile, energy consumption by China is bounding higher &#8212; a signal that the country&#8217;s economy may be in better shape than widely thought as its trade war with the United States rumbles on. <\/p>\n<p>Last Friday, OPEC and its allies reached a deal to cut production by 500,000 barrels per day in a bid to support prices which have been under pressure from abundant reserves and weak global economic growth. <\/p>\n<p>While Saudi Arabia, OPEC&#8217;s largest producer, agreed a further voluntary reduction of 400,000 barrels per day, the International Energy Agency said that most of that cut had already been implemented already.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. Meanwhile, energy consumption by China is bounding higher &#8212; a signal that the country&#8217;s economy may be in better shape than widely thought as its trade war with the United States rumbles on. Last Friday, OPEC and its allies reached a deal to cut production by 500,000 barrels per day in a bid to support prices which have been under pressure from abundant reserves and weak global economic [&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-305461","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\/305461","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=305461"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305461\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}