{"id":426219,"date":"2021-07-15T11:44:43","date_gmt":"2021-07-15T06:14:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426219"},"modified":"2021-07-15T12:50:54","modified_gmt":"2021-07-15T07:20:54","slug":"saudi-uae-reach-compromise-to-unlock-more-oil-supply-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-uae-reach-compromise-to-unlock-more-oil-supply-report\/","title":{"rendered":"Saudi, UAE reach compromise to unlock more oil supply: Report"},"content":{"rendered":"<p>DUBAI\/LONDON: Saudi Arabia and the United Arab Emirates (UAE) have reached a compromise over Opec+ policy, an Opec+ source said on Wednesday, in a move that should unlock a deal to supply more crude to a tight oil market and cool soaring prices. <\/p>\n<p>Brent oil prices fell on the news by as much as $1 per barrel towards $75 per barrel after Reuters reported the two major OPEC producers had agreed a deal. <\/p>\n<p>In a statement on Wednesday, the UAE energy ministry said that a deal with Opec+ on its baseline is yet to be reached and that deliberations are continuing. <\/p>\n<p>The Organization of the Petroleum Exporting Countries, Russia and their allies, a group known as Opec+, still need to take a final decision on output policy, after talks this month were abandoned because of the Saudi-UAE dispute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI\/LONDON: Saudi Arabia and the United Arab Emirates (UAE) have reached a compromise over Opec+ policy, an Opec+ source said on Wednesday, in a move that should unlock a deal to supply more crude to a tight oil market and cool soaring prices. Brent oil prices fell on the news by as much as $1 per barrel towards $75 per barrel after Reuters reported the two major OPEC producers had agreed a deal. In a statement on Wednesday, the UAE energy ministry said that a deal with Opec+ on its baseline is yet to be reached and that deliberations are [&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":[130,219,137],"tags":[],"class_list":["post-426219","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426219","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=426219"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426219\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}