{"id":620757,"date":"2023-12-02T10:44:17","date_gmt":"2023-12-02T05:14:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=620757"},"modified":"2023-12-02T14:55:36","modified_gmt":"2023-12-02T09:25:36","slug":"oil-prices-fall-extend-slide-after-opec-cuts-underwhelm-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-extend-slide-after-opec-cuts-underwhelm-2\/","title":{"rendered":"Oil prices fall, extend slide after OPEC+ cuts underwhelm"},"content":{"rendered":"<p>Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.<\/p>\n<p>Brent crude futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 12 cents, or 0.2%, to $75.84.<\/p>\n<p>Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of the world\u2019s oil, agreed to voluntary output cuts of about 2.2 million barrels per day (bpd) for the first quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. Brent crude futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 12 cents, or 0.2%, to $75.84. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of the world\u2019s oil, agreed to voluntary output cuts of about 2.2 million barrels per day (bpd) for the first quarter of 2024.<\/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-620757","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\/620757","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=620757"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620757\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=620757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=620757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=620757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}