{"id":552962,"date":"2023-02-04T11:40:14","date_gmt":"2023-02-04T06:10:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552962"},"modified":"2023-02-04T13:56:06","modified_gmt":"2023-02-04T08:26:06","slug":"opec-committee-recommends-staying-course-on-oil-output-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-committee-recommends-staying-course-on-oil-output-policy\/","title":{"rendered":"OPEC+ committee recommends staying course on oil output policy"},"content":{"rendered":"<p>Leading oil officials on Thursday recommended to maintain the current oil output policy of OPEC+, the OPEC and its allies, amid an uncertain global economic outlook.<\/p>\n<p>The OPEC+ agreed in October 2022 to cut production by 2 million barrels per day from the following month until the end of 2023.<\/p>\n<p>The cut equals to about 2 per cent of the annual global oil demand, Xinhua news agency reported.<\/p>\n<p>Members of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) &#8220;reaffirmed their commitment&#8221; to the current output plan at a virtual meeting on Wednesday and &#8220;urged all participating countries to achieve full conformity and adhere to the compensation mechanism,&#8221; according to an OPEC statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading oil officials on Thursday recommended to maintain the current oil output policy of OPEC+, the OPEC and its allies, amid an uncertain global economic outlook. The OPEC+ agreed in October 2022 to cut production by 2 million barrels per day from the following month until the end of 2023. The cut equals to about 2 per cent of the annual global oil demand, Xinhua news agency reported. Members of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) &#8220;reaffirmed their commitment&#8221; to the current output plan at a virtual meeting on Wednesday and &#8220;urged all participating countries to achieve full conformity [&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":[130,211,144],"tags":[],"class_list":["post-552962","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552962","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=552962"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552962\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}