{"id":403504,"date":"2021-03-08T09:02:57","date_gmt":"2021-03-08T03:32:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403504"},"modified":"2021-03-08T09:51:08","modified_gmt":"2021-03-08T04:21:08","slug":"oil-risks-overheating-after-opec-leaves-output-unchanged","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-risks-overheating-after-opec-leaves-output-unchanged\/","title":{"rendered":"Oil risks overheating after OPEC+ leaves output unchanged"},"content":{"rendered":"<p>By deciding to leave production unchanged for another month at its meeting on Thursday, OPEC+ risks causing the oil market to overheat and creating conditions for more instability in future. <\/p>\n<p>The expanded group of oil exporters defied the expectations of a majority of analysts and traders that it would respond to escalating prices and an intensifying backwardation in the futures market by raising output.<\/p>\n<p>But the decision should not have come as a complete surprise. It is consistent with the group\u2019s behaviour over the last decade, and with OPEC-only behaviour for the decade before. <\/p>\n<p>The group\u2019s decision-making has usually lagged market conditions when prices are falling \u2013 but especially when they are rising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By deciding to leave production unchanged for another month at its meeting on Thursday, OPEC+ risks causing the oil market to overheat and creating conditions for more instability in future. The expanded group of oil exporters defied the expectations of a majority of analysts and traders that it would respond to escalating prices and an intensifying backwardation in the futures market by raising output. But the decision should not have come as a complete surprise. It is consistent with the group\u2019s behaviour over the last decade, and with OPEC-only behaviour for the decade before. The group\u2019s decision-making has usually lagged [&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-403504","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\/403504","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=403504"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403504\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}