{"id":527564,"date":"2022-10-06T11:57:36","date_gmt":"2022-10-06T06:27:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527564"},"modified":"2022-10-06T13:08:22","modified_gmt":"2022-10-06T07:38:22","slug":"opec-angers-us-with-biggest-oil-production-cut-since-peak-covid-times","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-angers-us-with-biggest-oil-production-cut-since-peak-covid-times\/","title":{"rendered":"OPEC+ angers US with biggest oil production cut since peak Covid times"},"content":{"rendered":"<p>Saudi Arabia, Russia and other top oil producers agreed on a major cut in production on Wednesday to boost crude prices &#8212; a move denounced by the United States as a concession to Moscow that will further hurt the global economy.<\/p>\n<p>The 13-nation OPEC cartel headed by Riyadh and its 10 allies led by Moscow agreed to reduce output by two million barrels per day from November at a meeting in Vienna, the group said in a statement.<\/p>\n<p>It is the biggest cut since the height of the Covid pandemic in 2020, raising fears that it will turbocharge oil prices at a time when countries are already facing soaring energy-fuelled inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia, Russia and other top oil producers agreed on a major cut in production on Wednesday to boost crude prices &#8212; a move denounced by the United States as a concession to Moscow that will further hurt the global economy. The 13-nation OPEC cartel headed by Riyadh and its 10 allies led by Moscow agreed to reduce output by two million barrels per day from November at a meeting in Vienna, the group said in a statement. It is the biggest cut since the height of the Covid pandemic in 2020, raising fears that it will turbocharge oil prices [&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-527564","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\/527564","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=527564"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527564\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}