{"id":403264,"date":"2021-03-06T09:10:29","date_gmt":"2021-03-06T03:40:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403264"},"modified":"2021-03-06T09:59:59","modified_gmt":"2021-03-06T04:29:59","slug":"opec-output-cut-decision-will-impact-consumer-led-recovery-dharmendra-pradhan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-output-cut-decision-will-impact-consumer-led-recovery-dharmendra-pradhan\/","title":{"rendered":"OPEC output cut decision will impact consumer-led recovery: Dharmendra Pradhan"},"content":{"rendered":"<p>A decision by OPEC+ to continue with an output cut would undermine a consumption-led recovery and hurt consumers in oil buying nations, Union Minister for Petroleum and Natural Gas and Steel Dharmendra Pradhan said on Friday. <\/p>\n<p>The world&#8217;s third-biggest oil importer and consumer, India had been urging major producers to ease output cuts and help global economic recovery from the coronavirus pandemic as well as rein in prices. <\/p>\n<p>&#8220;As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive market,&#8221; Pradhan told Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A decision by OPEC+ to continue with an output cut would undermine a consumption-led recovery and hurt consumers in oil buying nations, Union Minister for Petroleum and Natural Gas and Steel Dharmendra Pradhan said on Friday. The world&#8217;s third-biggest oil importer and consumer, India had been urging major producers to ease output cuts and help global economic recovery from the coronavirus pandemic as well as rein in prices. &#8220;As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive [&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-403264","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\/403264","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=403264"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403264\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}