{"id":346354,"date":"2020-04-13T09:52:04","date_gmt":"2020-04-13T04:22:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346354"},"modified":"2020-04-13T10:31:10","modified_gmt":"2020-04-13T05:01:10","slug":"mexican-standoff-throws-proposed-10-mn-barrel-opec-oil-cut-in-doubt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mexican-standoff-throws-proposed-10-mn-barrel-opec-oil-cut-in-doubt\/","title":{"rendered":"Mexican standoff throws proposed 10 mn-barrel OPEC+ oil cut in doubt"},"content":{"rendered":"<p>A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico&#8217;s agreement. <\/p>\n<p>A marathon videoconference call between OPEC and other producers lasted until early Friday morning, when it apparently devolved into a Mexican standoff. The cartel, Kuwait and Saudi Arabia say Mexico&#8217;s refusal to agree blocked the proposed accord. <\/p>\n<p>Mexico has yet to respond, though the deal comes as prices have been gutted by the coronavirus pandemic and the COVID-19 illness it causes. Analysts warn even these proposed cuts may not be enough to offset the loss in demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico&#8217;s agreement. A marathon videoconference call between OPEC and other producers lasted until early Friday morning, when it apparently devolved into a Mexican standoff. The cartel, Kuwait and Saudi Arabia say Mexico&#8217;s refusal to agree blocked the proposed accord. Mexico has yet to respond, though the deal comes as prices have been gutted by the [&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":[135,130,169],"tags":[],"class_list":["post-346354","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346354","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=346354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}