{"id":568083,"date":"2023-04-05T10:05:38","date_gmt":"2023-04-05T04:35:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568083"},"modified":"2023-04-05T11:22:57","modified_gmt":"2023-04-05T05:52:57","slug":"how-russia-will-benefit-from-fresh-oil-production-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-russia-will-benefit-from-fresh-oil-production-cuts\/","title":{"rendered":"How Russia will benefit from fresh oil production cuts"},"content":{"rendered":"<p>The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.<\/p>\n<p>This is what you need to know about Sunday&#8217;s decision by some members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies:<\/p>\n<p>Independent of the broader OPEC+ output policy, eight members of the bloc led by heavyweight Saudi Arabia announced they would cut a further 1.16 million barrels per day of production until the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia. This is what you need to know about Sunday&#8217;s decision by some members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies: Independent of the broader OPEC+ output policy, eight members of the bloc led by heavyweight Saudi Arabia announced they would cut a further 1.16 million barrels per day of 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-568083","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\/568083","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=568083"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568083\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}