{"id":424532,"date":"2021-07-06T11:31:16","date_gmt":"2021-07-06T06:01:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424532"},"modified":"2021-07-06T11:31:16","modified_gmt":"2021-07-06T06:01:16","slug":"view-opec-stumbles-but-an-eventual-compromise-may-be-bearish-for-crude","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/view-opec-stumbles-but-an-eventual-compromise-may-be-bearish-for-crude\/","title":{"rendered":"View: OPEC+ stumbles, but an eventual compromise may be bearish for crude"},"content":{"rendered":"<p>The OPEC+ group of oil exporters is struggling to reach a compromise over just how much more crude to supply to the market, but assuming a deal is eventually cut, it&#8217;s likely to be bearish for prices.<\/p>\n<p>The group had agreed last week to boost its production by a total of 2 million barrels per day (bpd) from August to December. But that accord wasn&#8217;t ratified after the United Arab Emirates (UAE) wanted changes that would allow it to increase its output by a larger amount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OPEC+ group of oil exporters is struggling to reach a compromise over just how much more crude to supply to the market, but assuming a deal is eventually cut, it&#8217;s likely to be bearish for prices. The group had agreed last week to boost its production by a total of 2 million barrels per day (bpd) from August to December. But that accord wasn&#8217;t ratified after the United Arab Emirates (UAE) wanted changes that would allow it to increase its output by a larger amount.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-424532","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424532","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}