{"id":495751,"date":"2022-06-03T09:45:30","date_gmt":"2022-06-03T04:15:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495751"},"modified":"2022-06-03T11:37:38","modified_gmt":"2022-06-03T06:07:38","slug":"oil-little-changed-after-opec-plus-agrees-to-boost-output-by-648000-bpd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-little-changed-after-opec-plus-agrees-to-boost-output-by-648000-bpd\/","title":{"rendered":"Oil little changed after OPEC-plus agrees to boost output by 648,000 bpd"},"content":{"rendered":"<p>Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels per day (bpd) in July and 648,000 bpd in August, a source told Reuters.<\/p>\n<p>Oil prices could get more support later on Thursday if analysts&#8217; forecasts are correct that U.S. crude inventories declined by around 1.4 million barrels last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels per day (bpd) in July and 648,000 bpd in August, a source told Reuters. Oil prices could get more support later on Thursday if analysts&#8217; forecasts are correct that U.S. crude inventories declined by around 1.4 million barrels last week.<\/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-495751","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\/495751","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=495751"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495751\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}