{"id":341391,"date":"2020-03-11T12:19:36","date_gmt":"2020-03-11T06:49:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341391"},"modified":"2020-03-11T12:19:36","modified_gmt":"2020-03-11T06:49:36","slug":"opec-countries-lose-500-million-a-day-in-oil-price-crash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-countries-lose-500-million-a-day-in-oil-price-crash\/","title":{"rendered":"Opec countries lose $500 million a day in oil price crash"},"content":{"rendered":"<p>LONDON: With oil erasing over a third of its value overnight after a messy breakup of the Opec+ alliance, Opec members are bleeding over half a billion dollars a day in lost revenue, according to Reuters calculations.<\/p>\n<p>For the most part, oil is a top income source for members of the Organization of the Petroleum Exporting Countries and such a dramatic fall in prices will put strain on their economies, some of which such as Iran and Venezuela, are already on the brink.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: With oil erasing over a third of its value overnight after a messy breakup of the Opec+ alliance, Opec members are bleeding over half a billion dollars a day in lost revenue, according to Reuters calculations. For the most part, oil is a top income source for members of the Organization of the Petroleum Exporting Countries and such a dramatic fall in prices will put strain on their economies, some of which such as Iran and Venezuela, are already on the brink.<\/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-341391","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\/341391","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=341391"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341391\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}