{"id":638676,"date":"2024-03-16T12:08:41","date_gmt":"2024-03-16T06:38:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=638676"},"modified":"2024-03-16T12:08:41","modified_gmt":"2024-03-16T06:38:41","slug":"world-oil-output-to-fall-in-q1-opec-to-continue-with-supply-cut-in-2024","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/world-oil-output-to-fall-in-q1-opec-to-continue-with-supply-cut-in-2024\/","title":{"rendered":"\u2018World oil output to fall in Q1; OPEC+ to continue with supply cut in 2024\u2019"},"content":{"rendered":"<p>NEW DELHI: The world oil production is projected to fall by 870 kb\/d (thousand barrel per day) in the first quarter of 2024 compared to the fourth quarter of 2023 on account of heavy weather-related shut-ins and new curbs from OPEC+, according to the International Energy Agency (IEA) oil marketing report.<\/p>\n<p>The report also noted that the global market is anticipated to face a deficit throughout the year. Additionally, OPEC+ voluntary cuts will remain in effect through 2024, adjusting the market balance from a surplus to a slight deficit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The world oil production is projected to fall by 870 kb\/d (thousand barrel per day) in the first quarter of 2024 compared to the fourth quarter of 2023 on account of heavy weather-related shut-ins and new curbs from OPEC+, according to the International Energy Agency (IEA) oil marketing report. The report also noted that the global market is anticipated to face a deficit throughout the year. Additionally, OPEC+ voluntary cuts will remain in effect through 2024, adjusting the market balance from a surplus to a slight deficit.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-638676","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638676","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=638676"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638676\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=638676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=638676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=638676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}