{"id":619254,"date":"2023-11-24T10:35:47","date_gmt":"2023-11-24T05:05:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=619254"},"modified":"2023-11-24T12:19:58","modified_gmt":"2023-11-24T06:49:58","slug":"explained-why-opec-members-find-it-hard-to-agree-on-oil-production-quotas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/explained-why-opec-members-find-it-hard-to-agree-on-oil-production-quotas\/","title":{"rendered":"Explained | Why OPEC+ members find it hard to agree on oil production quotas"},"content":{"rendered":"<p>London: OPEC+ has postponed its November meeting by a few days and sources within the group say production targets were one of the key flashpoints of disagreement. <\/p>\n<p>Why are quota discussions so fraught? <\/p>\n<p>OPEC+ negotiations over production quotas have often been difficult in the past. <\/p>\n<p>Oil production tends to vary month by month, making it difficult to fix on a permanent production target. <\/p>\n<p>So the higher a production reference level a country can negotiate, the less it actually has to cut to comply with its targets. <\/p>\n<p>What did OPEC+ agree at its last meeting?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London: OPEC+ has postponed its November meeting by a few days and sources within the group say production targets were one of the key flashpoints of disagreement. Why are quota discussions so fraught? OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target. So the higher a production reference level a country can negotiate, the less it actually has to cut to comply with its targets. What did OPEC+ agree at its last meeting?<\/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-619254","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\/619254","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=619254"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/619254\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=619254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=619254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=619254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}