{"id":528331,"date":"2022-10-10T11:37:40","date_gmt":"2022-10-10T06:07:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=528331"},"modified":"2022-10-10T14:02:03","modified_gmt":"2022-10-10T08:32:03","slug":"opec-oil-production-cut-could-be-10-real-90-illusion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-oil-production-cut-could-be-10-real-90-illusion\/","title":{"rendered":"OPEC+ oil production cut could be 10% real, 90% illusion"},"content":{"rendered":"<p>Ministers from the OPEC+ group of oil-producing countries agreed to cut their collective output target by 2 million barrels a day from November when they met on Wednesday. How much their actual production falls could be as little as one-tenth of the headline figure. <\/p>\n<p>Although the group comprises 23 countries, the burden of the latest cut will be shared by just three \u2014 Saudi Arabia, the United Arab Emirates and Kuwait. Most of the others are already pumping so far below their quota levels that their output will still fall short of their new allocations.<\/p>\n<p>Estimates of OPEC+\u2019s September production suggest that, collectively, it\u2019s lagging the planned level by about 3.6 million barrels a day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministers from the OPEC+ group of oil-producing countries agreed to cut their collective output target by 2 million barrels a day from November when they met on Wednesday. How much their actual production falls could be as little as one-tenth of the headline figure. Although the group comprises 23 countries, the burden of the latest cut will be shared by just three \u2014 Saudi Arabia, the United Arab Emirates and Kuwait. Most of the others are already pumping so far below their quota levels that their output will still fall short of their new allocations. Estimates of OPEC+\u2019s September production [&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-528331","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\/528331","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=528331"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/528331\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=528331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=528331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=528331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}