{"id":384281,"date":"2020-11-16T09:44:19","date_gmt":"2020-11-16T04:14:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384281"},"modified":"2020-11-16T11:47:40","modified_gmt":"2020-11-16T06:17:40","slug":"opec-gets-scant-relief-from-vaccine-as-it-meets-to-discuss-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-gets-scant-relief-from-vaccine-as-it-meets-to-discuss-cuts\/","title":{"rendered":"OPEC+ gets scant relief from vaccine as it meets to discuss cuts"},"content":{"rendered":"<p>Oil NSE 0.82 % markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can\u2019t celebrate.<\/p>\n<p>Crude prices have rallied to a 10-week high on hopes that Pfizer NSE 0.38 % Inc. and BioNTech SE\u2019s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption.<\/p>\n<p>Nonetheless, the alliance of producers led by Saudi Arabia and Russia is discussing a delay of the supply boost they\u2019d hoped to make in January. Oil demand is currently suffering a fresh blow from a resurgence of the pandemic.<\/p>\n<p>Ministers are focused on a postponement of three to six months, according to delegates familiar with the talks who asked not to be identified. They\u2019ll hold an interim meeting on Tuesday to review the market, then make a final decision in a further two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil NSE 0.82 % markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can\u2019t celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer NSE 0.38 % Inc. and BioNTech SE\u2019s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption. Nonetheless, the alliance of producers led by Saudi Arabia and Russia is discussing a delay of the supply boost they\u2019d hoped to make in January. Oil demand is currently suffering a fresh blow from a resurgence of the pandemic. Ministers are focused on a postponement of three [&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":[130,191,136],"tags":[],"class_list":["post-384281","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\/384281","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=384281"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384281\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}