{"id":447756,"date":"2021-11-06T11:43:11","date_gmt":"2021-11-06T06:13:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447756"},"modified":"2021-11-06T11:43:11","modified_gmt":"2021-11-06T06:13:11","slug":"opec-agreed-to-increase-crude-oil-production-what-analysts-have-to-say-about-it","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-agreed-to-increase-crude-oil-production-what-analysts-have-to-say-about-it\/","title":{"rendered":"Opec+ agreed to increase crude oil production: What analysts have to say about it"},"content":{"rendered":"<p>Opec+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the US to say it would consider a wide range of tools to deal with prices. Brent rose Friday after sinking this week. Here\u2019s what some analysts had to say about the oil market after Opec+ agreed to increase production by 400,000 barrels a day next month:<\/p>\n<p>Citigroup<br \/>\nOpec+ said last week that \u201cdemand was going to be very slow in growing, we\u2019ve got the pandemic ahead of us,\u201d Ed Morse, the global head of commodities research at Citigroup, said in an interview. \u201cActually, the reverse is probably more true. We\u2019re seeing an uptick in demand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opec+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the US to say it would consider a wide range of tools to deal with prices. Brent rose Friday after sinking this week. Here\u2019s what some analysts had to say about the oil market after Opec+ agreed to increase production by 400,000 barrels a day next month: Citigroup Opec+ said last week that \u201cdemand was going [&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-447756","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\/447756","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=447756"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447756\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}