{"id":453758,"date":"2021-12-03T10:40:00","date_gmt":"2021-12-03T05:10:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453758"},"modified":"2021-12-03T10:40:00","modified_gmt":"2021-12-03T05:10:00","slug":"opec-decision-to-keep-taps-open-augurs-well-for-fuel-consumers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-decision-to-keep-taps-open-augurs-well-for-fuel-consumers\/","title":{"rendered":"OPEC+ decision to keep taps open augurs well for fuel consumers"},"content":{"rendered":"<p>NEW DELHI: Relief may be in sight for fuel consumers in India as the OPEC+ grouping on Thursday decided to continue raising production by 400,000 barrels per day in January in spite of mounting nervousness over Omicron \u2013 the new Covid-19 variant \u2013 disrupting demand recovery and building up inventory.<br \/>\nBut the grouping left open the option of adjusting production if there is a shift in the current market situation \u2013 an allusion to unusual rise in inventories due to Omicron\u2019s downward pressure on demand and\/or a US-led co-ordinated release of emergency stockpiles by the world\u2019s top five consumers, including India.<br \/>\nThe OPEC announcement, made after a meeting of the energy ministers of member countries, raises hopes of a further reduction in crude prices, or at least stability in the global market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Relief may be in sight for fuel consumers in India as the OPEC+ grouping on Thursday decided to continue raising production by 400,000 barrels per day in January in spite of mounting nervousness over Omicron \u2013 the new Covid-19 variant \u2013 disrupting demand recovery and building up inventory. But the grouping left open the option of adjusting production if there is a shift in the current market situation \u2013 an allusion to unusual rise in inventories due to Omicron\u2019s downward pressure on demand and\/or a US-led co-ordinated release of emergency stockpiles by the world\u2019s top five consumers, including [&hellip;]<\/p>\n","protected":false},"author":44,"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-453758","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\/453758","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=453758"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453758\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}