{"id":346800,"date":"2020-04-15T11:31:02","date_gmt":"2020-04-15T06:01:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346800"},"modified":"2020-04-15T11:31:02","modified_gmt":"2020-04-15T06:01:02","slug":"oil-slides-5-as-producer-cuts-fail-to-banish-demand-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-5-as-producer-cuts-fail-to-banish-demand-fears\/","title":{"rendered":"Oil slides 5% as producer cuts fail to banish demand fears"},"content":{"rendered":"<p>NEW YORK: Oil prices plunged around 5% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic.<\/p>\n<p>Brent crude futures fell $1.60, or 5%, to $30.14 a barrel by 11:23 a.m. EDT (1523 GMT). U.S. West Texas Intermediate (WTI) crude was down $1.25, or 5.5%, to $21.15 a barrel.<\/p>\n<p>Global oil producers worldwide are expected to cut overall output by roughly 19.5 million barrels per day, or nearly 20% of world supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices plunged around 5% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic. Brent crude futures fell $1.60, or 5%, to $30.14 a barrel by 11:23 a.m. EDT (1523 GMT). U.S. West Texas Intermediate (WTI) crude was down $1.25, or 5.5%, to $21.15 a barrel. Global oil producers worldwide are expected to cut overall output by roughly 19.5 million barrels per day, or nearly 20% of world supply.<\/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-346800","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\/346800","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=346800"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346800\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}