{"id":520125,"date":"2022-09-06T16:02:42","date_gmt":"2022-09-06T10:32:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520125"},"modified":"2022-09-06T16:02:42","modified_gmt":"2022-09-06T10:32:42","slug":"us-says-oil-supply-should-meet-demand-after-opec-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-says-oil-supply-should-meet-demand-after-opec-cut\/","title":{"rendered":"US says oil &#8216;supply should meet demand&#8217; after OPEC+ cut"},"content":{"rendered":"<p>The United States said Monday that oil production must be kept up to bolster global economic growth after the OPEC+ cartel agreed to cut supply to lift falling prices.<\/p>\n<p>President Joe Biden &#8220;has been clear that energy supply should meet demand to support economic growth and lower prices for American consumers and consumers around the world,&#8221; White House Press Secretary Karine Jean-Pierre said in a statement.<\/p>\n<p>The United States had pressed OPEC+ to increase output to bring down energy prices that have fueled decades-high inflation.<\/p>\n<p>And, in a bid to curb Moscow&#8217;s funding of its war in Ukraine, the G7 group of industrialized powers agreed Friday to move towards capping the price of Russian oil.<\/p>\n<p>&#8220;The president has taken action &#8212; including historic release of oil from US and global strategic reserves and working with allies on a price cap on Russian oil to ensure we maintain a global supply of oil, even as we punish (President Vladimir) Putin for his action,&#8221; Jean-Pierre said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States said Monday that oil production must be kept up to bolster global economic growth after the OPEC+ cartel agreed to cut supply to lift falling prices. President Joe Biden &#8220;has been clear that energy supply should meet demand to support economic growth and lower prices for American consumers and consumers around the world,&#8221; White House Press Secretary Karine Jean-Pierre said in a statement. The United States had pressed OPEC+ to increase output to bring down energy prices that have fueled decades-high inflation. And, in a bid to curb Moscow&#8217;s funding of its war in Ukraine, the G7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-520125","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520125","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=520125"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520125\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}