{"id":355468,"date":"2020-06-04T10:31:30","date_gmt":"2020-06-04T05:01:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355468"},"modified":"2020-06-04T10:49:58","modified_gmt":"2020-06-04T05:19:58","slug":"oil-hits-40-cools-off-as-doubts-emerge-over-next-step-on-opec-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-40-cools-off-as-doubts-emerge-over-next-step-on-opec-cuts\/","title":{"rendered":"Oil hits $40, cools off as doubts emerge over next step on Opec cuts"},"content":{"rendered":"<p>Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, as doubts emerged about the timing and scale of a potential extension to the oil supply pact between Opec and its allies. <\/p>\n<p>Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely, sources said. Oil earlier dropped after Bloomberg reported that the Thursday meeting was in doubt. <\/p>\n<p>\u201cPrices were firm so far this week on the news that the meeting was earlier,\u201d said Olivier Jakob, oil analyst at Petromatrix. \u201cThe retracement today is definitely due to the latest headlines on Opec.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, as doubts emerged about the timing and scale of a potential extension to the oil supply pact between Opec and its allies. Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely, sources said. Oil earlier dropped after Bloomberg reported that the Thursday meeting was in doubt. \u201cPrices were firm so far this week on the news that the meeting was earlier,\u201d said Olivier Jakob, oil analyst [&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-355468","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\/355468","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=355468"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355468\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}