{"id":465469,"date":"2022-02-02T09:24:06","date_gmt":"2022-02-02T03:54:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465469"},"modified":"2022-02-02T09:47:35","modified_gmt":"2022-02-02T04:17:35","slug":"oil-dips-below-89-on-potential-for-faster-supply-boost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-below-89-on-potential-for-faster-supply-boost\/","title":{"rendered":"Oil dips below $89 on potential for faster supply boost"},"content":{"rendered":"<p>Oil slipped on Tuesday from seven-year highs, with prices pressured by speculation that producer group OPEC+ could decide to boost supply by more than flagged previously as well as expectations of a rise in U.S. inventories.<\/p>\n<p>While the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, has been expected to maintain its policy of gradual production increases at a meeting on Wednesday, Goldman Sachs said there was a chance of further steps.<\/p>\n<p>&#8220;We view growing potential for a faster ramp-up at this meeting, given the pace of the recent rally and the likely pressure from importing nations,&#8221; the bank said in a Jan. 31 report, adding that expectations remained &#8220;evenly balanced&#8221; between an accelerated response and a status quo increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil slipped on Tuesday from seven-year highs, with prices pressured by speculation that producer group OPEC+ could decide to boost supply by more than flagged previously as well as expectations of a rise in U.S. inventories. While the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, has been expected to maintain its policy of gradual production increases at a meeting on Wednesday, Goldman Sachs said there was a chance of further steps. &#8220;We view growing potential for a faster ramp-up at this meeting, given the pace of the recent rally and the likely pressure from [&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-465469","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\/465469","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=465469"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465469\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}