{"id":341082,"date":"2020-03-09T12:24:11","date_gmt":"2020-03-09T06:54:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341082"},"modified":"2020-03-09T12:58:45","modified_gmt":"2020-03-09T07:28:45","slug":"gulf-shares-slump-after-opec-fails-to-agree-virus-action-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gulf-shares-slump-after-opec-fails-to-agree-virus-action-plan\/","title":{"rendered":"Gulf shares slump after OPEC fails to agree virus action plan"},"content":{"rendered":"<p>Shares in the energy-dependent Gulf plunged to multi-year lows Sunday after OPEC\u2019s failure to agree on a coronavirus action plan prompted fears of an all-out oil price war.<\/p>\n<p>OPEC and its allies failed to clinch a deal on production cuts that would have offered support to energy markets, sending prices tumbling to four-year lows on Friday.<\/p>\n<p>The OPEC+ meeting was expected to agree to deeper cuts of 1.5 million barrels per day to counter the effects of the novel coronavirus, but Moscow refused to tighten supply.<\/p>\n<p>Fears of a price war were stoked as Saudi Arabia \u2014 the world\u2019s top exporter \u2014 quickly responded by making significant cuts to its oil price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in the energy-dependent Gulf plunged to multi-year lows Sunday after OPEC\u2019s failure to agree on a coronavirus action plan prompted fears of an all-out oil price war. OPEC and its allies failed to clinch a deal on production cuts that would have offered support to energy markets, sending prices tumbling to four-year lows on Friday. The OPEC+ meeting was expected to agree to deeper cuts of 1.5 million barrels per day to counter the effects of the novel coronavirus, but Moscow refused to tighten supply. Fears of a price war were stoked as Saudi Arabia \u2014 the world\u2019s top [&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":[130,211,144],"tags":[],"class_list":["post-341082","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341082","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=341082"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341082\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}