{"id":424210,"date":"2021-07-05T08:52:40","date_gmt":"2021-07-05T03:22:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424210"},"modified":"2021-07-05T09:30:55","modified_gmt":"2021-07-05T04:00:55","slug":"opec-fails-to-reach-output-deal-with-talks-kicked-to-monday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-fails-to-reach-output-deal-with-talks-kicked-to-monday\/","title":{"rendered":"OPEC+ fails to reach output deal with talks kicked to Monday"},"content":{"rendered":"<p>OPEC and its allies abandoned oil-supply negotiations until Monday as a rebellion by a key member threatened the unity of the alliance. <\/p>\n<p>Talks ended without a deal to increase output after the United Arab Emirates doubled down on demands for better terms. The impasse &#8212; which had already pushed discussions into a second day &#8212; risks upsetting the cartel\u2019s management of the oil market\u2019s post-pandemic recovery just as consumer nations fret about the impact of higher prices. <\/p>\n<p>Negotiations will resume next week after what\u2019s likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising gasoline prices as oil tops $75 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC and its allies abandoned oil-supply negotiations until Monday as a rebellion by a key member threatened the unity of the alliance. Talks ended without a deal to increase output after the United Arab Emirates doubled down on demands for better terms. The impasse &#8212; which had already pushed discussions into a second day &#8212; risks upsetting the cartel\u2019s management of the oil market\u2019s post-pandemic recovery just as consumer nations fret about the impact of higher prices. Negotiations will resume next week after what\u2019s likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising [&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-424210","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\/424210","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=424210"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424210\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}