{"id":36339,"date":"2015-10-06T11:45:01","date_gmt":"2015-10-06T11:45:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=36339"},"modified":"2015-10-06T11:45:01","modified_gmt":"2015-10-06T11:45:01","slug":"opec-secretary-general-abdullah-al-badri-wants-cooperation-with-non-opec-producers-over-surplus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-secretary-general-abdullah-al-badri-wants-cooperation-with-non-opec-producers-over-surplus\/","title":{"rendered":"OPEC Secretary-General Abdullah al-Badri wants cooperation with non-OPEC producers over surplus"},"content":{"rendered":"<p>OPEC Secretary-General Abdullah al-Badri said on Tuesday the oil exporter group should work together with producers outside OPEC to tackle the global market surplus. <\/p>\n<p>&#8220;All of us should work together, OPEC and non-OPEC &#8211; work together to get rid of this overhang,&#8221; Birol told an industry conference in London. <\/p>\n<p>&#8220;There is one problem we are facing: the overhang of 200 million barrels,&#8221; he added. <\/p>\n<p>But Badri said oil supply growth from non-OPEC producers might be zero or negative in 2016. There had been a $650 billion cut in upstream investment, meaning supply should soon begin to fall. <\/p>\n<p>&#8220;We will see the effect of the cut on production. This will mean less supply in the near future.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC Secretary-General Abdullah al-Badri said on Tuesday the oil exporter group should work together with producers outside OPEC to tackle the global market surplus. &#8220;All of us should work together, OPEC and non-OPEC &#8211; work together to get rid of this overhang,&#8221; Birol told an industry conference in London. &#8220;There is one problem we are facing: the overhang of 200 million barrels,&#8221; he added. But Badri said oil supply growth from non-OPEC producers might be zero or negative in 2016. There had been a $650 billion cut in upstream investment, meaning supply should soon begin to fall. &#8220;We will see [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-36339","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/36339","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=36339"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/36339\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=36339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=36339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=36339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}