{"id":620751,"date":"2023-12-02T10:41:25","date_gmt":"2023-12-02T05:11:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=620751"},"modified":"2023-12-02T14:53:39","modified_gmt":"2023-12-02T09:23:39","slug":"cartel-seeks-to-check-flagging-prices-when-non-opec-oil-supplies-are-higher-and-global-growth-is-weak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cartel-seeks-to-check-flagging-prices-when-non-opec-oil-supplies-are-higher-and-global-growth-is-weak\/","title":{"rendered":"Cartel seeks to check flagging prices when non-Opec oil supplies are higher and global growth is weak"},"content":{"rendered":"<p>The online meeting of the oil cartel, Opec (together with allies like Russia) on Thursday decided on additional voluntary cuts of 2.2 million barrels a day to shore up flagging oil prices at a time of higher supplies from non-Opec countries and weaker global growth. Global oil prices rose briefly but settled down to lower levels as the markets were seized of the strains in the Opec+ coalition that led to the meeting being postponed from Sunday. <\/p>\n<p>There was wrangling over production quotas among the members, especially the African countries, who were hesitant to cut supplies. In the run-up to the meeting, Saudi Arabia, the leader of the cartel,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The online meeting of the oil cartel, Opec (together with allies like Russia) on Thursday decided on additional voluntary cuts of 2.2 million barrels a day to shore up flagging oil prices at a time of higher supplies from non-Opec countries and weaker global growth. Global oil prices rose briefly but settled down to lower levels as the markets were seized of the strains in the Opec+ coalition that led to the meeting being postponed from Sunday. There was wrangling over production quotas among the members, especially the African countries, who were hesitant to cut supplies. In the run-up to [&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":[130,195,138],"tags":[],"class_list":["post-620751","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620751","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=620751"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620751\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=620751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=620751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=620751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}