{"id":410059,"date":"2021-04-09T10:37:46","date_gmt":"2021-04-09T05:07:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410059"},"modified":"2021-04-09T10:51:56","modified_gmt":"2021-04-09T05:21:56","slug":"oil-edges-higher-after-saudis-say-opec-can-be-nimble-on-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-after-saudis-say-opec-can-be-nimble-on-output\/","title":{"rendered":"Oil edges higher after Saudis say OPEC+ can be nimble on output"},"content":{"rendered":"<p>Oil rose to trade near $60 a barrel &#8212; but was headed for a weekly drop &#8212; as Saudi Arabia defended the OPEC+ plan to increase output and said the alliance was nimble enough to change course if necessary.<\/p>\n<p>West Texas Intermediate added 0.4% after a small decline Thursday, paring its weekly loss to less than 3%. Saudi Energy Minister Prince Abdulaziz bin Salman said there\u2019s nothing yet in the market \u201cthat disturbs us&#8221;. The group will continue to meet monthly and it can adjust plans, he said in an interview.<\/p>\n<p>Crude has been hemmed into a narrow range around $60 a barrel since mid-March as investors weigh the roll-out of vaccines and increased economic activity against Covid-19 flare-ups in some countries. The Organization of Petroleum Exporting Countries and its allies agreed last week to reintroduce more than 2 million barrels a day of supply over the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose to trade near $60 a barrel &#8212; but was headed for a weekly drop &#8212; as Saudi Arabia defended the OPEC+ plan to increase output and said the alliance was nimble enough to change course if necessary. West Texas Intermediate added 0.4% after a small decline Thursday, paring its weekly loss to less than 3%. Saudi Energy Minister Prince Abdulaziz bin Salman said there\u2019s nothing yet in the market \u201cthat disturbs us&#8221;. The group will continue to meet monthly and it can adjust plans, he said in an interview. Crude has been hemmed into a narrow range around [&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":[139,130,187],"tags":[],"class_list":["post-410059","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410059","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=410059"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410059\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}