{"id":569402,"date":"2023-04-12T10:43:22","date_gmt":"2023-04-12T05:13:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569402"},"modified":"2023-04-12T10:43:22","modified_gmt":"2023-04-12T05:13:22","slug":"oil-prices-may-rise-could-hit-economy-users-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-may-rise-could-hit-economy-users-iea\/","title":{"rendered":"Oil prices may rise, could hit economy, users: IEA"},"content":{"rendered":"<p>PARIS: The International Energy Agency (IEA) on Tuesday said that oil prices are expected to increase from current levels of around $85 a barrel due to the recent decision by Opec+ to reduce production and warned that it could \u201cput a burden\u201d on the Indian economy and consumers.<\/p>\n<p>The agency, which tracks energy markets in major economies, also said it was \u201clegitimate\u201d for India to import crude from Russia and export petrol and diesel to other countries, including Europe. \u201cIndia is doing this in a transparent way. And India is profiting by importing crude at a lower, discounted price,\u201d IEA executive director Fatih Birol said after meeting commerce and industry minister Piyush Goyal here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS: The International Energy Agency (IEA) on Tuesday said that oil prices are expected to increase from current levels of around $85 a barrel due to the recent decision by Opec+ to reduce production and warned that it could \u201cput a burden\u201d on the Indian economy and consumers. The agency, which tracks energy markets in major economies, also said it was \u201clegitimate\u201d for India to import crude from Russia and export petrol and diesel to other countries, including Europe. \u201cIndia is doing this in a transparent way. And India is profiting by importing crude at a lower, discounted price,\u201d IEA [&hellip;]<\/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-569402","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\/569402","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=569402"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569402\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}