{"id":424796,"date":"2021-07-07T11:28:06","date_gmt":"2021-07-07T05:58:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424796"},"modified":"2021-07-07T11:28:06","modified_gmt":"2021-07-07T05:58:06","slug":"oil-surges-as-opec-talks-break-down-over-saudi-uae-rift","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-surges-as-opec-talks-break-down-over-saudi-uae-rift\/","title":{"rendered":"Oil surges as OPEC+ talks break down over Saudi-UAE rift"},"content":{"rendered":"<p>CHENNAI:  While the tussle between Russia and Saudi Arabia in the OPEC+ alliance contributed to a prodigious drop in crude oil prices last March, the latest rift in the oil exporters\u2019 cartel between the United Arab Emirates (UAE) and the Saudi kingdom is contributing to a run-up in oil rates. <\/p>\n<p>After the OPEC+ alliance, which comprises the 13 members of the Organisation of Petroleum Exporting Countries (OPEC) and 10 other major exporters such as Russia and Kazakhstan, failed to reach a decision on increasing production during their meeting on Monday, crude oil prices gained sharply\u2014brent crude breaching the $77-per-barrel-mark. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: While the tussle between Russia and Saudi Arabia in the OPEC+ alliance contributed to a prodigious drop in crude oil prices last March, the latest rift in the oil exporters\u2019 cartel between the United Arab Emirates (UAE) and the Saudi kingdom is contributing to a run-up in oil rates. After the OPEC+ alliance, which comprises the 13 members of the Organisation of Petroleum Exporting Countries (OPEC) and 10 other major exporters such as Russia and Kazakhstan, failed to reach a decision on increasing production during their meeting on Monday, crude oil prices gained sharply\u2014brent crude breaching the $77-per-barrel-mark.<\/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":[130,207,143],"tags":[],"class_list":["post-424796","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424796","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=424796"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424796\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}