{"id":400899,"date":"2021-02-18T10:54:31","date_gmt":"2021-02-18T05:24:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400899"},"modified":"2021-02-18T11:30:15","modified_gmt":"2021-02-18T06:00:15","slug":"india-urges-opec-to-ease-output-cuts-to-rein-in-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-urges-opec-to-ease-output-cuts-to-rein-in-oil-prices\/","title":{"rendered":"India urges OPEC+ to ease output cuts to rein in oil prices"},"content":{"rendered":"<p>NEW DELHI : India has urged OPEC and allied oil producers to ease production cuts as higher crude prices are hitting fuel demand in Asia&#8217;s third largest economy and adding to inflation, its oil minister, Dharmendra Pradhan, said on Wednesday.<\/p>\n<p>&#8220;The price-sensitive Indian consumers are affected by rising petroleum product prices,&#8221; Pradhan said ahead of a March 4 policy-setting meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+.<\/p>\n<p>Oil has been supported in the past few weeks by OPEC+ supply curbs and hopes of a demand rebound due to COVID-19 vaccinations. Benchmark Brent crude rose to $64.72 a barrel at 1237 GMT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India has urged OPEC and allied oil producers to ease production cuts as higher crude prices are hitting fuel demand in Asia&#8217;s third largest economy and adding to inflation, its oil minister, Dharmendra Pradhan, said on Wednesday. &#8220;The price-sensitive Indian consumers are affected by rising petroleum product prices,&#8221; Pradhan said ahead of a March 4 policy-setting meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+. Oil has been supported in the past few weeks by OPEC+ supply curbs and hopes of a demand rebound due to COVID-19 vaccinations. Benchmark Brent crude rose [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-400899","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400899","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400899"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400899\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}