{"id":530824,"date":"2022-10-20T09:42:31","date_gmt":"2022-10-20T04:12:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=530824"},"modified":"2022-10-20T10:25:49","modified_gmt":"2022-10-20T04:55:49","slug":"us-calls-opec-decision-on-oil-production-mistake-says-it-backed-russia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-calls-opec-decision-on-oil-production-mistake-says-it-backed-russia\/","title":{"rendered":"US calls OPEC+ decision on oil production mistake, says it backed Russia"},"content":{"rendered":"<p>The move of the OPEC and its allies to cut oil production is a &#8220;mistake&#8221; and a &#8220;short-sighted&#8221; decision that has favoured the Russians and the US is going to re-evaluate its ties with Saudi Arabia, the White House has said.<\/p>\n<p>Members of the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies earlier this month agreed on a major cut in oil production, amidst a downward trend in prices.<\/p>\n<p>The 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November at a meeting in Vienna. It is the biggest cut since the height of the COVID-19 pandemic in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The move of the OPEC and its allies to cut oil production is a &#8220;mistake&#8221; and a &#8220;short-sighted&#8221; decision that has favoured the Russians and the US is going to re-evaluate its ties with Saudi Arabia, the White House has said. Members of the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies earlier this month agreed on a major cut in oil production, amidst a downward trend in prices. The 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November at a meeting in Vienna. It is the biggest [&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-530824","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\/530824","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=530824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/530824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=530824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=530824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=530824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}