{"id":527733,"date":"2022-10-07T11:19:15","date_gmt":"2022-10-07T05:49:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527733"},"modified":"2022-10-07T11:19:15","modified_gmt":"2022-10-07T05:49:15","slug":"explainer-why-russia-stands-to-gain-most-from-opec-oil-production-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/explainer-why-russia-stands-to-gain-most-from-opec-oil-production-cuts\/","title":{"rendered":"Explainer: Why Russia stands to gain most from OPEC+ oil production cuts"},"content":{"rendered":"<p>LONDON: OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices.<\/p>\n<p>OPEC+ and the West traded blame on Wednesday after the group reduced supply by a steep 2 million barrels per day or 2% of global supply in an already tight market.<\/p>\n<p>OPEC&#8217;s leader Saudi Arabia said it was merely reacting to the soaring interest rates in the West where the central banks such as the U.S. Federal Reserve are &#8220;belatedly&#8221; reducing liquidity, triggering a dollar rise and making oil cheaper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices. OPEC+ and the West traded blame on Wednesday after the group reduced supply by a steep 2 million barrels per day or 2% of global supply in an already tight market. OPEC&#8217;s leader Saudi Arabia said it was merely reacting to the soaring interest rates in the West where the central banks such as the U.S. Federal Reserve are &#8220;belatedly&#8221; reducing liquidity, triggering a dollar rise and making oil cheaper.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-527733","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527733","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=527733"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527733\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}