{"id":341680,"date":"2020-03-12T12:57:26","date_gmt":"2020-03-12T07:27:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341680"},"modified":"2020-03-12T12:57:26","modified_gmt":"2020-03-12T07:27:26","slug":"decoding-the-uncertainty-in-the-global-oil-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/decoding-the-uncertainty-in-the-global-oil-market\/","title":{"rendered":"Decoding the uncertainty in the global oil market"},"content":{"rendered":"<p>Pinning down the price of crude oil has become a complex task with an unprecedented numbers of slippery variables, even as its desirability in running the global economic engine is being increasingly questioned. <\/p>\n<p>The Organisation of Petroleum Exporting Countries (Opec)+ cartel meeting held recently in Vienna witnessed a dramatic fallout between Saudi Arabia and its one time ally, Russia, over slashing output to offset the huge cratering global demand. This escalated into an unprecedented oil war for grabbing market share between two of the world\u2019s largest oil producers. Riyadh has vowed to flat out pump 12.3 mb\/d, and has offered deep discounts to its buyers, while Moscow has said it will open its spigots unconstrained by the current Opec pact \u2014 thus flooding an already oversupplied market. Earlier this week, oil prices saw the biggest drop since the 1991 Gulf War. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pinning down the price of crude oil has become a complex task with an unprecedented numbers of slippery variables, even as its desirability in running the global economic engine is being increasingly questioned. The Organisation of Petroleum Exporting Countries (Opec)+ cartel meeting held recently in Vienna witnessed a dramatic fallout between Saudi Arabia and its one time ally, Russia, over slashing output to offset the huge cratering global demand. This escalated into an unprecedented oil war for grabbing market share between two of the world\u2019s largest oil producers. Riyadh has vowed to flat out pump 12.3 mb\/d, and has offered [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-341680","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341680","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}