{"id":393596,"date":"2021-01-06T09:32:14","date_gmt":"2021-01-06T04:02:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393596"},"modified":"2021-01-06T10:47:09","modified_gmt":"2021-01-06T05:17:09","slug":"oil-prices-tick-up-on-opec-studying-output-cut-iran-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-tick-up-on-opec-studying-output-cut-iran-tensions\/","title":{"rendered":"Oil prices tick up on OPEC studying output cut, Iran tensions"},"content":{"rendered":"<p>Oil prices inched up on Tuesday as tension around Iran&#8217;s seizure of a South Korean vessel simmered and after it emerged that the OPEC+ group is studying a possible production cut in February, according to a document. <\/p>\n<p>Brent crude futures for March rose 35 cents to $51.44 a barrel by 0947 GMT, while U.S. West Texas Intermediate crude for February was at $48.04 a barrel, up 42 cents. <\/p>\n<p>Both contracts fell more than 1 per cent on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, failed to agree on changes to February&#8217;s oil output. <\/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>Oil prices inched up on Tuesday as tension around Iran&#8217;s seizure of a South Korean vessel simmered and after it emerged that the OPEC+ group is studying a possible production cut in February, according to a document. Brent crude futures for March rose 35 cents to $51.44 a barrel by 0947 GMT, while U.S. West Texas Intermediate crude for February was at $48.04 a barrel, up 42 cents. Both contracts fell more than 1 per cent on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, failed to agree on changes to February&#8217;s [&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":[146,130,177],"tags":[],"class_list":["post-393596","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393596","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=393596"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393596\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}