{"id":527072,"date":"2022-10-04T09:50:05","date_gmt":"2022-10-04T04:20:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527072"},"modified":"2022-10-04T10:34:27","modified_gmt":"2022-10-04T05:04:27","slug":"opec-production-cut-poses-new-threat-to-joe-biden-as-election-nears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-production-cut-poses-new-threat-to-joe-biden-as-election-nears\/","title":{"rendered":"OPEC+ production cut poses new threat to Joe Biden as election nears"},"content":{"rendered":"<p>Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. <\/p>\n<p>It was a victory lap that may soon prove premature.<\/p>\n<p>More than a month after tweeting he had vanquished \u201cPutin\u2019s price hike at the pump,\u201d Biden faces forces that even the US government can\u2019t match. The OPEC+ alliance of oil producing countries are poised to cut production by more than 1 million barrels a day to bolster global oil prices. A decision won\u2019t be made until Wednesday, but the prospect caused crude to surge in excess of 6% before settling just below $84 a barrel in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. It was a victory lap that may soon prove premature. More than a month after tweeting he had vanquished \u201cPutin\u2019s price hike at the pump,\u201d Biden faces forces that even the US government can\u2019t match. The OPEC+ alliance of oil producing countries are poised to cut production by more than 1 million barrels a day to bolster global oil prices. A decision won\u2019t be made until Wednesday, but the prospect [&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-527072","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\/527072","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=527072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}