{"id":340845,"date":"2020-03-07T11:12:10","date_gmt":"2020-03-07T05:42:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340845"},"modified":"2020-03-07T11:42:59","modified_gmt":"2020-03-07T06:12:59","slug":"oil-drops-on-demand-doubts-fears-that-output-cuts-have-not-yet-been-finalised","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-on-demand-doubts-fears-that-output-cuts-have-not-yet-been-finalised\/","title":{"rendered":"Oil drops on demand doubts, fears that output cuts have not yet been finalised"},"content":{"rendered":"<p>Oil slid 1 per cent on Friday as worries about global oil demand and economic growth slowdown caused by the 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 49 cents, or 0.98 per cent, to $49.50 per barrel by 0735 GMT, while US West Texas Intermediate (WTI) was down 46 cents, or 1 per cent, at $45.44 per barrel.<\/p>\n<p>The Organisation 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>Oil slid 1 per cent on Friday as worries about global oil demand and economic growth slowdown caused by the 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 49 cents, or 0.98 per cent, to $49.50 per barrel by 0735 GMT, while US West Texas Intermediate (WTI) was down 46 cents, or 1 per cent, at $45.44 per barrel. The Organisation of the Petroleum Exporting Countries (OPEC) on Thursday pushed for crude output by OPEC and associated producers &#8211; a group known as OPEC+ [&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":[130],"tags":[],"class_list":["post-340845","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340845","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=340845"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340845\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}