{"id":501770,"date":"2022-06-30T09:44:09","date_gmt":"2022-06-30T04:14:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501770"},"modified":"2022-06-30T09:55:06","modified_gmt":"2022-06-30T04:25:06","slug":"opec-struggles-to-meet-its-supply-targets-amid-high-crude-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-struggles-to-meet-its-supply-targets-amid-high-crude-prices\/","title":{"rendered":"Opec+ struggles to meet its supply targets amid high crude prices"},"content":{"rendered":"<p>As President Biden prepares to go to Saudi Arabia in July, Opec+ members say the cartel and its allies have fallen far behind on their oil-production targets and are in their weakest position in recent years to help tame high crude prices.<\/p>\n<p>Oil rallied for a fourth day as a government report showed US stockpiles dropped last week, exacerbating global supply concerns with shipments from Libyan ports suspended. Brent crude futures for August were little changed at $117.9 a barrel by 09.17 GMT. The August contract will expire on Thursday and the more-active September contract was at $114.06, up 23 cents, or 0.2 per cent. West Texas Intermediate rose as much as 2.4 per cent to trade near $114 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As President Biden prepares to go to Saudi Arabia in July, Opec+ members say the cartel and its allies have fallen far behind on their oil-production targets and are in their weakest position in recent years to help tame high crude prices. Oil rallied for a fourth day as a government report showed US stockpiles dropped last week, exacerbating global supply concerns with shipments from Libyan ports suspended. Brent crude futures for August were little changed at $117.9 a barrel by 09.17 GMT. The August contract will expire on Thursday and the more-active September contract was at $114.06, up 23 [&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-501770","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\/501770","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=501770"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501770\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}