{"id":472196,"date":"2022-03-02T11:02:35","date_gmt":"2022-03-02T05:32:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472196"},"modified":"2022-03-02T12:33:44","modified_gmt":"2022-03-02T07:03:44","slug":"opecs-february-oil-output-boost-exceeds-target-for-first-time-in-months-survey","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opecs-february-oil-output-boost-exceeds-target-for-first-time-in-months-survey\/","title":{"rendered":"OPEC&#8217;s February oil output boost exceeds target for first time in months: Survey"},"content":{"rendered":"<p>The increase in OPEC&#8217;s oil output in February exceeded the rise planned under a deal with allies for the first time since September, a Reuters survey found, as higher Saudi Arabian and Iraqi supply combined with fewer outages in smaller producers. <\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.39 million barrels per day (bpd) in February, the survey found, up 420,000 bpd from the previous month and above the 254,000 bpd increase called for under the supply deal.<\/p>\n<p>OPEC and its allies, known as OPEC+, are gradually relaxing 2020 output cuts as demand recovers from the pandemic. OPEC+ meets on Wednesday and is expected to confirm previously agreed plans despite the surge in oil prices to a seven-year high above $105 a barrel after Russia&#8217;s invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The increase in OPEC&#8217;s oil output in February exceeded the rise planned under a deal with allies for the first time since September, a Reuters survey found, as higher Saudi Arabian and Iraqi supply combined with fewer outages in smaller producers. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.39 million barrels per day (bpd) in February, the survey found, up 420,000 bpd from the previous month and above the 254,000 bpd increase called for under the supply deal. OPEC and its allies, known as OPEC+, are gradually relaxing 2020 output cuts as demand recovers from the pandemic. OPEC+ [&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-472196","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\/472196","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=472196"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472196\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}