{"id":369062,"date":"2020-08-21T11:09:52","date_gmt":"2020-08-21T05:39:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369062"},"modified":"2020-08-21T11:09:52","modified_gmt":"2020-08-21T05:39:52","slug":"opec-needs-to-fix-daily-oversupply-of-more-than-2-mn-barrels","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-needs-to-fix-daily-oversupply-of-more-than-2-mn-barrels\/","title":{"rendered":"OPEC+ needs to fix daily oversupply of more than 2 mn barrels"},"content":{"rendered":"<p>MOSCOW\/DUBAI\/LONDON: Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters shows.<\/p>\n<p>The surplus seen between May and July ought to be compensated for in August and September, the report said.<\/p>\n<p>OPEC+ &#8211; which includes members of the Organization of the Petroleum Exporting Countries and other producers including Russia &#8211; stepped up their joint output cuts to a record 9.7 million bpd in May before tapering them to 7.7 million bpd this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MOSCOW\/DUBAI\/LONDON: Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters shows. The surplus seen between May and July ought to be compensated for in August and September, the report said. OPEC+ &#8211; which includes members of the Organization of the Petroleum Exporting Countries and other producers including Russia &#8211; stepped up their joint output cuts to a record 9.7 million bpd in May before tapering them to 7.7 million bpd this month.<\/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-369062","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\/369062","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=369062"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369062\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}