{"id":426364,"date":"2021-07-17T11:09:09","date_gmt":"2021-07-17T05:39:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426364"},"modified":"2021-07-17T11:09:09","modified_gmt":"2021-07-17T05:39:09","slug":"respite-in-sight-as-global-crude-oil-dips-to-73-a-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/respite-in-sight-as-global-crude-oil-dips-to-73-a-barrel\/","title":{"rendered":"Respite in sight as global crude oil dips to $73 a Barrel"},"content":{"rendered":"<p>Fuel consumers in India may see some relief from high prices as international oil NSE -2.91 % rates have cooled a bit. Crude oil slipped to $73 a barrel on Friday after hitting a multi-year high of $77 earlier this week on expectations of increased supply following reports that Saudi Arabia and the United Arab Emirates (UAE) have struck a deal to ease production cuts.<\/p>\n<p>The UAE\u2019s demand for a higher production quota had held back a deal on expanding supplies by the group of 23 producers known as OPEC+. The oil producers\u2019 group had previously proposed an increase of 400,000 bpd each month between August and December, translating into a supply rise of 2 million bpd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuel consumers in India may see some relief from high prices as international oil NSE -2.91 % rates have cooled a bit. Crude oil slipped to $73 a barrel on Friday after hitting a multi-year high of $77 earlier this week on expectations of increased supply following reports that Saudi Arabia and the United Arab Emirates (UAE) have struck a deal to ease production cuts. The UAE\u2019s demand for a higher production quota had held back a deal on expanding supplies by the group of 23 producers known as OPEC+. The oil producers\u2019 group had previously proposed an increase of [&hellip;]<\/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-426364","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\/426364","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=426364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}