{"id":340636,"date":"2020-03-06T11:01:40","date_gmt":"2020-03-06T05:31:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340636"},"modified":"2020-03-06T11:01:40","modified_gmt":"2020-03-06T05:31:40","slug":"crude-oil-slips-amid-demand-concern-fears-over-opec-deal-for-deeper-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-slips-amid-demand-concern-fears-over-opec-deal-for-deeper-output-cuts\/","title":{"rendered":"Crude oil slips amid demand concern, fears over Opec+ deal for deeper output cuts"},"content":{"rendered":"<p>SINGAPORE: Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-Opec crude producers not yet having agreed to cut output further to support prices.<\/p>\n<p>Brent crude fell 47 cents, or 0.9 per cent, to $49.52 per barrel by 0223 GMT, while US West Texas Intermediate (WTI) was down 42 cents, or 0.9 per cent, at $45.48 per barrel.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (Opec) on Thursday pushed for crude output by Opec and associated producers &#8211; a group known as Opec+ &#8211; to be cut by an extra 1.5 million barrels per day (bpd) in total until the end of 2020. The call came ahead of an Opec+ meeting scheduled for Friday in Vienna.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-Opec crude producers not yet having agreed to cut output further to support prices. Brent crude fell 47 cents, or 0.9 per cent, to $49.52 per barrel by 0223 GMT, while US West Texas Intermediate (WTI) was down 42 cents, or 0.9 per cent, at $45.48 per barrel. The Organization of the Petroleum Exporting Countries (Opec) on Thursday pushed for crude output by Opec and associated producers &#8211; a group known as Opec+ &#8211; to be cut [&hellip;]<\/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-340636","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\/340636","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=340636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}