{"id":622086,"date":"2023-12-12T11:10:32","date_gmt":"2023-12-12T05:40:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622086"},"modified":"2023-12-12T11:10:32","modified_gmt":"2023-12-12T05:40:32","slug":"how-opec-saw-its-hold-on-global-oil-markets-fray-despite-extra-production-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-opec-saw-its-hold-on-global-oil-markets-fray-despite-extra-production-cuts\/","title":{"rendered":"How OPEC+ saw its hold on global oil markets fray despite extra production cuts"},"content":{"rendered":"<p>The OPEC+ coalition\u2019s grip on global oil markets is looking less secure by the day.<\/p>\n<p>Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group\u2019s multiple attempts to shore up sentiment in the past week, prices have crashed 11% to a five-month low.<\/p>\n<p>Some of the most powerful figures in the oil world such as Saudi Arabia\u2019s energy chief and Russia\u2019s deputy prime minister have issued public assurances that the supply curbs could be extended beyond March. President Vladimir Putin made a rare visit to Riyadh and Abu Dhabi in a show of oil producers\u2019 unity. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OPEC+ coalition\u2019s grip on global oil markets is looking less secure by the day. Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group\u2019s multiple attempts to shore up sentiment in the past week, prices have crashed 11% to a five-month low. Some of the most powerful figures in the oil world such as Saudi Arabia\u2019s energy chief and Russia\u2019s deputy prime minister have issued public assurances that the supply curbs could be extended beyond March. [&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-622086","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\/622086","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=622086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}