{"id":526970,"date":"2022-10-03T11:08:46","date_gmt":"2022-10-03T05:38:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=526970"},"modified":"2022-10-03T12:52:35","modified_gmt":"2022-10-03T07:22:35","slug":"opec-considering-major-production-cut-to-push-up-oil-prices-in-october-5-meeting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-considering-major-production-cut-to-push-up-oil-prices-in-october-5-meeting\/","title":{"rendered":"OPEC+ considering major production cut to push up oil prices in October 5 meeting"},"content":{"rendered":"<p>OPEC+, an oil producers group, is considering announcing a major cut in production when it meets Wednesday, according to a person familiar with the thinking of Saudi Arabia, the group\u2019s de facto leader. Such a move, which analysts say is widely expected, would be a blow to the Biden administration, after it lobbied the Saudis to increase output. <\/p>\n<p>A cut would also mark a major turnaround in policy for OPEC+, which includes Russia. Since the group slashed oil production in early 2020 when demand collapsed because of the coronavirus pandemic, the producers have announced a series of steady monthly increases, although they have generally not met those goals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+, an oil producers group, is considering announcing a major cut in production when it meets Wednesday, according to a person familiar with the thinking of Saudi Arabia, the group\u2019s de facto leader. Such a move, which analysts say is widely expected, would be a blow to the Biden administration, after it lobbied the Saudis to increase output. A cut would also mark a major turnaround in policy for OPEC+, which includes Russia. Since the group slashed oil production in early 2020 when demand collapsed because of the coronavirus pandemic, the producers have announced a series of steady monthly increases, [&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":[146,130,177],"tags":[],"class_list":["post-526970","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/526970","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=526970"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/526970\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=526970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=526970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=526970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}