{"id":340304,"date":"2020-03-04T11:03:39","date_gmt":"2020-03-04T05:33:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340304"},"modified":"2020-03-04T11:03:39","modified_gmt":"2020-03-04T05:33:39","slug":"opecs-oil-cut-proposal-enough-to-push-prices-back-to-60-per-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opecs-oil-cut-proposal-enough-to-push-prices-back-to-60-per-barrel\/","title":{"rendered":"OPEC&#8217;s oil cut proposal enough to push prices back to $60 per barrel"},"content":{"rendered":"<p>BRUSSELS: OPEC&#8217;s proposal to cut oil production by up to 1 million barrels per day is enough to balance the market and lift oil prices back to $60 per barrel, Leonid Fedun, vice-president of Russia&#8217;s second-biggest oil producer Lukoil, told Reuters.<\/p>\n<p>&#8220;Conoravirus&#8230; is a short-lived factor which is affecting oil prices&#8230; There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and oil price will rebound,&#8221; Fedun said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRUSSELS: OPEC&#8217;s proposal to cut oil production by up to 1 million barrels per day is enough to balance the market and lift oil prices back to $60 per barrel, Leonid Fedun, vice-president of Russia&#8217;s second-biggest oil producer Lukoil, told Reuters. &#8220;Conoravirus&#8230; is a short-lived factor which is affecting oil prices&#8230; There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and oil price will rebound,&#8221; Fedun said.<\/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":[130,191,136],"tags":[],"class_list":["post-340304","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\/340304","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=340304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}