{"id":346514,"date":"2020-04-13T12:36:14","date_gmt":"2020-04-13T07:06:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346514"},"modified":"2020-04-13T12:36:14","modified_gmt":"2020-04-13T07:06:14","slug":"talks-to-cut-the-worlds-oil-production-drag-on-for-a-third-day","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/talks-to-cut-the-worlds-oil-production-drag-on-for-a-third-day\/","title":{"rendered":"Talks to cut the world\u2019s oil production drag on for a third day"},"content":{"rendered":"<p>The world\u2019s largest oil producers were still grasping for a deal to rescue energy markets from a coronavirus-induced collapse after three days of talks. Mexico remains the last holdout.<\/p>\n<p>An unprecedented reduction of about 10% in worldwide crude output was still being negotiated in bilateral talks Saturday. US President Donald Trump has offered a diplomatic solution that could allow everyone to save face, but it remains unclear whether Saudi Arabia and other members of the global OPEC+ coalition will be amenable to that. Russia has said it considers the plan a done deal.<\/p>\n<p>OPEC+ has made a commitment to cut a record 10 million barrels a day, \u201cconditional on the consent of Mexico.&#8221; With Trump now personally involved, the stakes appear too high for the deal to fail. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s largest oil producers were still grasping for a deal to rescue energy markets from a coronavirus-induced collapse after three days of talks. Mexico remains the last holdout. An unprecedented reduction of about 10% in worldwide crude output was still being negotiated in bilateral talks Saturday. US President Donald Trump has offered a diplomatic solution that could allow everyone to save face, but it remains unclear whether Saudi Arabia and other members of the global OPEC+ coalition will be amenable to that. Russia has said it considers the plan a done deal. OPEC+ has made a commitment to cut [&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":[139,130,187],"tags":[],"class_list":["post-346514","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346514","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=346514"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346514\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}