{"id":403217,"date":"2021-03-05T12:28:24","date_gmt":"2021-03-05T06:58:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403217"},"modified":"2021-03-05T13:20:04","modified_gmt":"2021-03-05T07:50:04","slug":"opec-silence-has-oil-market-second-guessing-next-supply-move","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-silence-has-oil-market-second-guessing-next-supply-move\/","title":{"rendered":"OPEC+ silence has oil market second-guessing next supply move"},"content":{"rendered":"<p>OPEC and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply increase it\u2019s been expecting.<\/p>\n<p>Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said. While OPEC+ is still widely expected to revive some of the 7 million barrels a day they\u2019ve idled, a preliminary meeting of ministers earlier in the day didn\u2019t get into specifics.<\/p>\n<p>The trajectory of oil prices in the coming months now rests on the outcome of Thursday\u2019s full meeting of the Organization of Petroleum Exporting Countries and its allies. Crude could move higher if the group doesn\u2019t deliver all of the extra barrels the market needs to fuel the economic recovery from the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply increase it\u2019s been expecting. Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said. While OPEC+ is still widely expected to revive some of the 7 million barrels a day they\u2019ve idled, a preliminary meeting of ministers earlier in the day didn\u2019t get into specifics. The trajectory of oil prices in the [&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":[141,130,183],"tags":[],"class_list":["post-403217","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403217","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=403217"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403217\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}