{"id":418200,"date":"2021-06-02T10:30:42","date_gmt":"2021-06-02T05:00:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418200"},"modified":"2021-06-02T11:17:07","modified_gmt":"2021-06-02T05:47:07","slug":"opec-set-to-sign-off-on-july-increase-as-market-tightens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-set-to-sign-off-on-july-increase-as-market-tightens\/","title":{"rendered":"OPEC+ set to sign off on July increase as market tightens"},"content":{"rendered":"<p>OPEC+ looked set to increase production in July as expected, as ministers prepare to tackle the thornier issue of how to handle a tightening oil market for the rest of the year.<\/p>\n<p>The group\u2019s Joint Ministerial Monitoring Committee recommended pushing ahead with the planned ramp-up in July, when OPEC+ stands to add 841,000 barrels a day following hikes in May and June, according to delegates. There was no discussion of policy beyond that, but a full ministerial meeting follows shortly. <\/p>\n<p>Oil demand is accelerating as vaccine programs expand and economies rebound &#8212; and Brent above $71 is fueling inflation concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ looked set to increase production in July as expected, as ministers prepare to tackle the thornier issue of how to handle a tightening oil market for the rest of the year. The group\u2019s Joint Ministerial Monitoring Committee recommended pushing ahead with the planned ramp-up in July, when OPEC+ stands to add 841,000 barrels a day following hikes in May and June, according to delegates. There was no discussion of policy beyond that, but a full ministerial meeting follows shortly. Oil demand is accelerating as vaccine programs expand and economies rebound &#8212; and Brent above $71 is fueling inflation concerns.<\/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":[139,130,187],"tags":[],"class_list":["post-418200","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\/418200","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=418200"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418200\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}