{"id":393420,"date":"2021-01-05T09:57:40","date_gmt":"2021-01-05T04:27:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393420"},"modified":"2021-01-05T10:55:35","modified_gmt":"2021-01-05T05:25:35","slug":"oil-little-changed-as-investors-await-opec-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-little-changed-as-investors-await-opec-decision\/","title":{"rendered":"Oil little changed as investors await OPEC+ decision"},"content":{"rendered":"<p>SINGAPORE: Oil NSE 1.02 % prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new COVID-19 lockdowns.<\/p>\n<p>Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February was at $47.74 a barrel, up 12 cents, or 0.3%.<\/p>\n<p>Both contracts fell more than 1% on Monday after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, failed to agree on February&#8217;s oil output levels.<\/p>\n<p>Saudi Arabia argued against pumping more because of new lockdowns while Russia led calls for higher production, citing recovering demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil NSE 1.02 % prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new COVID-19 lockdowns. Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February was at $47.74 a barrel, up 12 cents, or 0.3%. Both contracts fell more than 1% on Monday after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, failed to agree on February&#8217;s oil output [&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-393420","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\/393420","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=393420"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393420\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}