{"id":423690,"date":"2021-07-02T08:50:04","date_gmt":"2021-07-02T03:20:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423690"},"modified":"2021-07-02T09:36:30","modified_gmt":"2021-07-02T04:06:30","slug":"oil-prices-climb-with-opec-signalling-more-gradual-supply-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-with-opec-signalling-more-gradual-supply-hike\/","title":{"rendered":"Oil prices climb with Opec+ signalling more gradual supply hike"},"content":{"rendered":"<p>Oil advanced with Opec+ producers reaching a tentative agreement to add limited supplies to the market in the coming months.<\/p>\n<p>Futures in New York rose as much as 3.7 per cent on Thursday to the highest intraday level since 2018. Negotiations between Opec+ producers, including the alliance\u2019s de facto leaders, Saudi Arabia and Russia, are still underway, delegates said, as ministers gathered online. The proposal under discussion would add about 2 million barrels a day to the cartel\u2019s output between August and December, they said. <\/p>\n<p>\u201cOpec is looking like it\u2019s going to keep some restraint, and to me, the market is in a really good place,\u201d said Rebecca Babin, senior energy trader at CIBC Private Wealth Management. \u201cPeople are very comfortable and constructive with the profile over the next year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil advanced with Opec+ producers reaching a tentative agreement to add limited supplies to the market in the coming months. Futures in New York rose as much as 3.7 per cent on Thursday to the highest intraday level since 2018. Negotiations between Opec+ producers, including the alliance\u2019s de facto leaders, Saudi Arabia and Russia, are still underway, delegates said, as ministers gathered online. The proposal under discussion would add about 2 million barrels a day to the cartel\u2019s output between August and December, they said. \u201cOpec is looking like it\u2019s going to keep some restraint, and to me, the market [&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-423690","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\/423690","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=423690"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423690\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}