{"id":356084,"date":"2020-06-08T11:35:56","date_gmt":"2020-06-08T06:05:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356084"},"modified":"2020-06-08T11:35:56","modified_gmt":"2020-06-08T06:05:56","slug":"opec-allies-agree-to-extend-deep-output-cuts-through-july","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-allies-agree-to-extend-deep-output-cuts-through-july\/","title":{"rendered":"OPEC, allies agree to extend deep output cuts through July"},"content":{"rendered":"<p>Vienna: OPEC members led by Saudi Arabia and other key oil producers agreed Saturday to extend historic output cuts through July.<\/p>\n<p>The 13-member cartel and its allies, among them Russia, decided to extend by a month deep cuts, first agreed in April for May and June, to boost prices hit hard by the new coronavirus pandemic, an OPEC statement said.<\/p>\n<p>&#8220;All participating countries&#8230; agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month,&#8221; it said.<\/p>\n<p>Prices have plummeted over falling demand as countries around the world have imposed strict lockdowns to stop the spread of the new coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vienna: OPEC members led by Saudi Arabia and other key oil producers agreed Saturday to extend historic output cuts through July. The 13-member cartel and its allies, among them Russia, decided to extend by a month deep cuts, first agreed in April for May and June, to boost prices hit hard by the new coronavirus pandemic, an OPEC statement said. &#8220;All participating countries&#8230; agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month,&#8221; it said. Prices have plummeted over falling demand as countries around the world have imposed strict [&hellip;]<\/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-356084","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\/356084","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=356084"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356084\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}