{"id":620447,"date":"2023-12-01T12:01:18","date_gmt":"2023-12-01T06:31:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=620447"},"modified":"2023-12-01T12:01:18","modified_gmt":"2023-12-01T06:31:18","slug":"deeper-opec-output-cut-could-hit-fuel-retailers-stoke-inflation-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/deeper-opec-output-cut-could-hit-fuel-retailers-stoke-inflation-fears\/","title":{"rendered":"Deeper OPEC+ output cut could hit fuel retailers, stoke inflation fears"},"content":{"rendered":"<p>NEW DELHI: The OPEC+ grouping\u2019s decision on Thursday to cut production further could end up resuming pressure on the profitability of state-run fuel retailers, delay possible cuts in interest rates and test the government\u2019s inflation management in the run-up to the general elections next year.<\/p>\n<p>At a virtual meeting, the grouping\u2019s members, including Russia, decided to pare output by a million barrels per day (bpd), taking the total reduction in the grouping\u2019s output since late 2022 to over 6 million barrels a day, or over 6% of the global demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The OPEC+ grouping\u2019s decision on Thursday to cut production further could end up resuming pressure on the profitability of state-run fuel retailers, delay possible cuts in interest rates and test the government\u2019s inflation management in the run-up to the general elections next year. At a virtual meeting, the grouping\u2019s members, including Russia, decided to pare output by a million barrels per day (bpd), taking the total reduction in the grouping\u2019s output since late 2022 to over 6 million barrels a day, or over 6% of the global demand.<\/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-620447","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\/620447","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=620447"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620447\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=620447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=620447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=620447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}