{"id":474651,"date":"2022-03-10T09:37:04","date_gmt":"2022-03-10T04:07:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=474651"},"modified":"2022-03-10T10:30:53","modified_gmt":"2022-03-10T05:00:53","slug":"global-oil-prices-fall-most-in-2-years-as-uae-supports-output-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-oil-prices-fall-most-in-2-years-as-uae-supports-output-hike\/","title":{"rendered":"Global oil prices fall most in 2 years as UAE supports output hike"},"content":{"rendered":"<p>BENGALURU (Reuters) -Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine.<\/p>\n<p>Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest one-day decline since April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest daily decline since November.<\/p>\n<p>&#8220;We favor production increases and will be encouraging OPEC to consider higher production levels,&#8221; Ambassador Yousuf Al Otaiba said in a statement tweeted by the UAE Embassy in Washington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest one-day decline since April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest daily decline since November. &#8220;We favor production increases and will be encouraging OPEC to consider higher production levels,&#8221; Ambassador Yousuf Al Otaiba said in [&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-474651","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\/474651","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=474651"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/474651\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=474651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=474651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=474651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}