{"id":480876,"date":"2022-04-01T08:40:43","date_gmt":"2022-04-01T03:10:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=480876"},"modified":"2022-04-01T08:55:51","modified_gmt":"2022-04-01T03:25:51","slug":"opec-sticks-to-modest-boost-in-oil-despite-war-jitters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-sticks-to-modest-boost-in-oil-despite-war-jitters\/","title":{"rendered":"OPEC sticks to modest boost in oil despite war jitters"},"content":{"rendered":"<p>OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.<\/p>\n<p>The group, known as OPEC+, said it would add 432,000 barrels per day in May, as it works to gradually restore production cuts made during the depths of the coronavirus pandemic. That&#8217;s slightly up from 400,000 barrels in previous months, with officials saying they&#8217;re revising baseline production levels.<\/p>\n<p>The alliance has been unmoved by pleas from oil-consuming countries to pump more oil as energy prices soar, fueling inflation worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves. The group, known as OPEC+, said it would add 432,000 barrels per day in May, as it works to gradually restore production cuts made during the depths of the coronavirus pandemic. That&#8217;s slightly up from 400,000 barrels in previous months, with officials saying they&#8217;re revising baseline production levels. The alliance has been [&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-480876","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\/480876","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=480876"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/480876\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=480876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=480876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=480876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}