{"id":418106,"date":"2021-06-02T09:15:57","date_gmt":"2021-06-02T03:45:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418106"},"modified":"2021-06-02T09:52:38","modified_gmt":"2021-06-02T04:22:38","slug":"opec-seen-sticking-with-supply-plan-with-irans-oil-yet-to-return","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-seen-sticking-with-supply-plan-with-irans-oil-yet-to-return\/","title":{"rendered":"OPEC+ seen sticking with supply plan with Iran&#8217;s oil yet to return"},"content":{"rendered":"<p>LONDON (Reuters) -OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday, five OPEC sources said, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply.<\/p>\n<p>The Organization of the Petroleum Exporting Countries and allies &#8211; known collectively as OPEC+ &#8211; decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July as it anticipated demand would rise despite high numbers of coronavirus cases in India. <\/p>\n<p>Since that decision, oil has extended its rally and has now gained more than 30% this year, although the prospect of more output from Iran, as talks on reviving its nuclear deal make progress, has limited the upside for oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday, five OPEC sources said, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies &#8211; known collectively as OPEC+ &#8211; decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July as it anticipated demand would rise despite high numbers of coronavirus cases in India. Since that decision, oil has extended its rally and [&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":[135,130,169],"tags":[],"class_list":["post-418106","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418106","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=418106"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418106\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}