{"id":383790,"date":"2020-11-12T11:16:54","date_gmt":"2020-11-12T05:46:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383790"},"modified":"2020-11-12T11:16:54","modified_gmt":"2020-11-12T05:46:54","slug":"oil-keeps-climbing-on-hopes-opec-will-hold-back-supply-as-covid-19-cases-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-keeps-climbing-on-hopes-opec-will-hold-back-supply-as-covid-19-cases-rise\/","title":{"rendered":"Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise"},"content":{"rendered":"<p>MELBOURNE: Oil prices rose in early trade on Thursday, taking the week&#8217;s gains to more than 12% on growing hopes that the world&#8217;s major producers will hold off on a planned supply increase as soaring cases of COVID-19 dent fuel demand.<\/p>\n<p>Algeria&#8217;s energy minister said on Wednesday that OPEC+ &#8211; grouping the Organization of the Petroleum Exporting Countries (OPEC) and other suppliers including Russia &#8211; could extend current production cuts of 7.7 million barrels per day (bpd) into 2021, or deepen them further if needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil prices rose in early trade on Thursday, taking the week&#8217;s gains to more than 12% on growing hopes that the world&#8217;s major producers will hold off on a planned supply increase as soaring cases of COVID-19 dent fuel demand. Algeria&#8217;s energy minister said on Wednesday that OPEC+ &#8211; grouping the Organization of the Petroleum Exporting Countries (OPEC) and other suppliers including Russia &#8211; could extend current production cuts of 7.7 million barrels per day (bpd) into 2021, or deepen them further if needed.<\/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-383790","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\/383790","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=383790"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383790\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}