{"id":453910,"date":"2021-12-03T10:59:47","date_gmt":"2021-12-03T05:29:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453910"},"modified":"2021-12-03T12:16:23","modified_gmt":"2021-12-03T06:46:23","slug":"opec-agrees-to-go-ahead-with-oil-output-rise-despite-omicron","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-agrees-to-go-ahead-with-oil-output-rise-despite-omicron\/","title":{"rendered":"Opec+ agrees to go ahead with oil output rise, despite Omicron"},"content":{"rendered":"<p>Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant would lead to a fresh oil price rout.<\/p>\n<p>Benchmark Brent crude fell more than $1 after the deal was reported, before recovering some ground to trade around$70 a barrel. It is now well below October&#8217;s three-year highs above $86 but still more than 30% up on the start of 2021.<\/p>\n<p>The United States has repeatedly pushed Opec+ to accelerate output hikes as US gasoline prices soared and President Joe Biden&#8217;s approval ratings slid. Faced with rebuffals, Washington said last week it and other consumers would release reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant would lead to a fresh oil price rout. Benchmark Brent crude fell more than $1 after the deal was reported, before recovering some ground to trade around$70 a barrel. It is now well below October&#8217;s three-year highs above $86 but still more than 30% up on the start of 2021. The United States has repeatedly pushed Opec+ to accelerate output hikes as US gasoline prices soared and [&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":[130,191,136],"tags":[],"class_list":["post-453910","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\/453910","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=453910"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453910\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}