{"id":408083,"date":"2021-03-31T09:22:11","date_gmt":"2021-03-31T03:52:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408083"},"modified":"2021-03-31T10:18:00","modified_gmt":"2021-03-31T04:48:00","slug":"internal-opec-report-sees-oil-stocks-falling-by-445-million-barrels-in-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/internal-opec-report-sees-oil-stocks-falling-by-445-million-barrels-in-2021\/","title":{"rendered":"Internal OPEC report sees oil stocks falling by 445 million barrels in 2021"},"content":{"rendered":"<p>OPEC expects oil inventories to drop by about 445 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, according to a copy of the report seen by Reuters. <\/p>\n<p>The figure is larger than the implied 2021 stock draw of 406 million barrels seen a month ago by OPEC in a similar report, showing deep supply curbs are reducing the supply overhang. <\/p>\n<p>OPEC+ experts, the Joint Technical Committee, met on Tuesday ahead of a ministerial meeting on Thursday to decide oil output policy. The producers are withholding millions of barrels of daily supply to support the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC expects oil inventories to drop by about 445 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, according to a copy of the report seen by Reuters. The figure is larger than the implied 2021 stock draw of 406 million barrels seen a month ago by OPEC in a similar report, showing deep supply curbs are reducing the supply overhang. OPEC+ experts, the Joint Technical Committee, met on Tuesday ahead of a ministerial meeting on Thursday to decide oil output policy. The producers are withholding millions of barrels of [&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-408083","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\/408083","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=408083"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408083\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}