{"id":346614,"date":"2020-04-14T10:16:52","date_gmt":"2020-04-14T04:46:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346614"},"modified":"2020-04-14T10:55:24","modified_gmt":"2020-04-14T05:25:24","slug":"top-oil-producers-agree-historic-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/top-oil-producers-agree-historic-cuts\/","title":{"rendered":"Top oil producers agree \u2018historic\u2019 cuts"},"content":{"rendered":"<p>Top oil-producing countries agreed on \u201chistoric\u201d output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.<\/p>\n<p>The US benchmark WTI climbed 7.7 per cent to $24.52 a barrel in early Asian trade while Brent was up 5.0 per cent at $33.08.<\/p>\n<p>OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.<\/p>\n<p>In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier. OPEC Secretary General Mohammad Barkindo called the cuts \u201chistoric\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top oil-producing countries agreed on \u201chistoric\u201d output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday. The US benchmark WTI climbed 7.7 per cent to $24.52 a barrel in early Asian trade while Brent was up 5.0 per cent at $33.08. OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday. In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from [&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-346614","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\/346614","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=346614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}