{"id":346556,"date":"2020-04-13T11:57:56","date_gmt":"2020-04-13T06:27:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346556"},"modified":"2020-04-13T12:58:48","modified_gmt":"2020-04-13T07:28:48","slug":"g20-ministers-struggle-to-finalise-oil-output-cuts-despite-us-efforts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/g20-ministers-struggle-to-finalise-oil-output-cuts-despite-us-efforts\/","title":{"rendered":"G20 ministers struggle to finalise oil output cuts despite US efforts"},"content":{"rendered":"<p>Top oil producers struggled to finalise production cuts during a virtual summit held by G20 energy ministers on Friday, despite US President Donald Trump&#8217;s mediation efforts to end a standoff with Mexico.<\/p>\n<p>The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil &#8220;market stability&#8221; amid the coronavirus pandemic.<\/p>\n<p>Mexico was the lone holdout in a record OPEC-led agreement reached a day earlier that would see output slashed by 10 million barrels per day in May and June followed by a gradual reduction in cuts until April 2022.<\/p>\n<p>The standoff had cast doubt on efforts to bolster oil prices, pushed to near two-decade lows by the demand-sapping pandemic and a Saudi-Russia price war that rattled global markets.<\/p>\n<p>The subsequent G20 meeting &#8212; hosted by Riyadh &#8212; was expected to seal the deal more widely with non-OPEC countries in the group including Mexico, the United States and Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top oil producers struggled to finalise production cuts during a virtual summit held by G20 energy ministers on Friday, despite US President Donald Trump&#8217;s mediation efforts to end a standoff with Mexico. The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil &#8220;market stability&#8221; amid the coronavirus pandemic. Mexico was the lone holdout in a record OPEC-led agreement reached a day earlier that would see output slashed by 10 million barrels per day in May and June followed by a gradual reduction in cuts until [&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":[130,211,144],"tags":[],"class_list":["post-346556","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346556","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=346556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}