{"id":527426,"date":"2022-10-06T09:48:44","date_gmt":"2022-10-06T04:18:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527426"},"modified":"2022-10-06T11:08:56","modified_gmt":"2022-10-06T05:38:56","slug":"opec-considers-output-limit-cut-of-as-much-as-2-million-barrels-a-day","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-considers-output-limit-cut-of-as-much-as-2-million-barrels-a-day\/","title":{"rendered":"OPEC+ considers output-limit cut of as much as 2 million barrels a day"},"content":{"rendered":"<p>OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington.<\/p>\n<p>The group is set to discuss a cut to its production limits of as much as 2 million barrels a day, using current baselines, delegates said. Still, in reality the cut will have a smaller impact on global supply as several countries are already pumping below their quotas. They may also discuss smaller cuts of 1-1.5 million, delegates said.<\/p>\n<p>A large OPEC+ cut risks adding another shock to the global economy, which is already battling inflation driven by energy costs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington. The group is set to discuss a cut to its production limits of as much as 2 million barrels a day, using current baselines, delegates said. Still, in reality the cut will have a smaller impact on global supply as several countries are already pumping below their quotas. They may also discuss smaller cuts of 1-1.5 million, delegates said. A large OPEC+ cut risks adding another shock to the global economy, which is already battling [&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-527426","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\/527426","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=527426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}