{"id":408826,"date":"2021-04-03T09:55:35","date_gmt":"2021-04-03T04:25:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408826"},"modified":"2021-04-03T11:04:07","modified_gmt":"2021-04-03T05:34:07","slug":"opec-approves-oil-output-increases-from-may","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-approves-oil-output-increases-from-may\/","title":{"rendered":"OPEC+ approves oil output increases from May"},"content":{"rendered":"<p>OPEC and its allies, including Russia, announced Thursday they would gradually increase oil production over the next three months. <\/p>\n<p>In agreeing to modest output increases, Saudi Arabia appears to have yielded to pressure from Russia and other producers who are eager to raise output. They want to take advantage of what they see as a likely growing global thirst for oil as economies slowly expand after pandemic lockdowns.<\/p>\n<p>The group, known as OPEC Plus, has been withholding 8 million barrels a day from the market. <\/p>\n<p>On this occasion, the Saudis \u201cdecided to go with the consensus of the members,\u201d said Helima Croft, a commodity strategist at RBC Capital Markets, an investment bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC and its allies, including Russia, announced Thursday they would gradually increase oil production over the next three months. In agreeing to modest output increases, Saudi Arabia appears to have yielded to pressure from Russia and other producers who are eager to raise output. They want to take advantage of what they see as a likely growing global thirst for oil as economies slowly expand after pandemic lockdowns. The group, known as OPEC Plus, has been withholding 8 million barrels a day from the market. On this occasion, the Saudis \u201cdecided to go with the consensus of the members,\u201d said [&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-408826","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\/408826","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=408826"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408826\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}