{"id":454323,"date":"2021-12-06T10:15:20","date_gmt":"2021-12-06T04:45:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454323"},"modified":"2021-12-06T11:14:06","modified_gmt":"2021-12-06T05:44:06","slug":"opec-will-continue-with-supply-adjustments-for-oil-market-chief-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-will-continue-with-supply-adjustments-for-oil-market-chief-says\/","title":{"rendered":"OPEC will continue with supply adjustments for oil market, chief says"},"content":{"rendered":"<p>The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday. <\/p>\n<p>&#8220;We will continue to do what we know best to ensure we attain stability in the oil market on a sustainable basis,&#8221; Mohammad Barkindo said in a webinar organised by Italian think-tank ISPI.<\/p>\n<p>Oil prices fell on Thursday after OPEC and its allies stuck to their existing policy of monthly oil output increases despite fears of a release from US crude reserves and the new Omicron coronavirus variant would put renewed pressure on prices. <\/p>\n<p>Barkindo said in terms of oil demand the estimate at the moment was for a growth of 5.7 million barrels per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday. &#8220;We will continue to do what we know best to ensure we attain stability in the oil market on a sustainable basis,&#8221; Mohammad Barkindo said in a webinar organised by Italian think-tank ISPI. Oil prices fell on Thursday after OPEC and its allies stuck to their existing policy of monthly oil output increases despite fears of a release from US crude reserves and the new Omicron coronavirus variant would put renewed pressure on prices. Barkindo [&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":[146,130,177],"tags":[],"class_list":["post-454323","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454323","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=454323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}