{"id":345745,"date":"2020-04-07T10:54:00","date_gmt":"2020-04-07T05:24:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345745"},"modified":"2020-04-07T10:54:00","modified_gmt":"2020-04-07T05:24:00","slug":"opec-likely-to-agree-to-cut-production-if-us-joins-effort-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-likely-to-agree-to-cut-production-if-us-joins-effort-sources\/","title":{"rendered":"Opec+ likely to agree to cut production if US joins effort: Sources"},"content":{"rendered":"<p>DUBAI\/LONDON\/MOSCOW: Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three Opec+ sources told Reuters on Monday.<\/p>\n<p>Worldwide oil demand has dropped by roughly 30 per cent, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply.<\/p>\n<p>Last week, in response to a weeks-long market rout, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as Opec+, started talking about cutting pro<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI\/LONDON\/MOSCOW: Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three Opec+ sources told Reuters on Monday. Worldwide oil demand has dropped by roughly 30 per cent, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply. Last week, in response to a weeks-long market rout, the Organization of the Petroleum Exporting Countries and its [&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-345745","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\/345745","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=345745"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345745\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}