{"id":440099,"date":"2021-10-05T08:22:56","date_gmt":"2021-10-05T02:52:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440099"},"modified":"2021-10-05T09:07:56","modified_gmt":"2021-10-05T03:37:56","slug":"with-oil-market-tight-and-price-surge-opec-decides-how-much-more-to-pump","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-oil-market-tight-and-price-surge-opec-decides-how-much-more-to-pump\/","title":{"rendered":"With oil market tight and price surge, OPEC+ decides how much more to pump"},"content":{"rendered":"<p>With oil prices near three-year highs, OPEC and allied countries are deciding whether to stay with their plans to gradually restoring production that was cut back during the pandemic recession or to pump more oil to a recovering global economy that&#8217;s increasingly thirsty for it.<\/p>\n<p>Analyst say OPEC and its allies, known as OPEC+, will likely stick with their existing road map at an online meeting Monday. That would mean agreeing to add 400,000 barrels per day to output next month.<\/p>\n<p>The plan has been to keep adding that amount through October 2022 in order to restore the deep cutbacks made in April 2020 that supported prices during the worst of the pandemic downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With oil prices near three-year highs, OPEC and allied countries are deciding whether to stay with their plans to gradually restoring production that was cut back during the pandemic recession or to pump more oil to a recovering global economy that&#8217;s increasingly thirsty for it. Analyst say OPEC and its allies, known as OPEC+, will likely stick with their existing road map at an online meeting Monday. That would mean agreeing to add 400,000 barrels per day to output next month. The plan has been to keep adding that amount through October 2022 in order to restore the deep cutbacks [&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-440099","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\/440099","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=440099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}