{"id":367606,"date":"2020-08-14T10:20:35","date_gmt":"2020-08-14T04:50:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367606"},"modified":"2020-08-14T10:52:26","modified_gmt":"2020-08-14T05:22:26","slug":"opec-has-tricky-balancing-act-keeping-40-b-oil-price-floor","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-has-tricky-balancing-act-keeping-40-b-oil-price-floor\/","title":{"rendered":"OPEC+ has tricky balancing act keeping $40\/b oil price floor"},"content":{"rendered":"<p>OPEC+ will not want to undo the stability it has brought to crude prices. The oil exporting alliance must now find a way of increasing production while not flooding a fragile global market. Whether it pulls it off could depend on the strength of demand from its key Asian customers. <\/p>\n<p>After having slashed output by 9.7 million b\/d since May, OPEC and its partners in a coalition led by Saudi Arabia and Russia, relaxed their cuts to 7.7 million b\/d as of August 1 and through the end of the year. <\/p>\n<p>But where will all this extra crude go? Asia is the primary target market for much of the alliance\u2019s heavy sour crude and OPEC+ is optimistic that they will snap it up as their economies recover.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ will not want to undo the stability it has brought to crude prices. The oil exporting alliance must now find a way of increasing production while not flooding a fragile global market. Whether it pulls it off could depend on the strength of demand from its key Asian customers. After having slashed output by 9.7 million b\/d since May, OPEC and its partners in a coalition led by Saudi Arabia and Russia, relaxed their cuts to 7.7 million b\/d as of August 1 and through the end of the year. But where will all this extra crude go? Asia [&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-367606","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\/367606","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=367606"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367606\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}