{"id":645463,"date":"2025-09-10T09:15:54","date_gmt":"2025-09-10T03:45:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=645463"},"modified":"2025-09-10T10:28:11","modified_gmt":"2025-09-10T04:58:11","slug":"oil-gains-despite-opec-planning-to-boost-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-despite-opec-planning-to-boost-output\/","title":{"rendered":"Oil gains despite OPEC+ planning to boost output"},"content":{"rendered":"<p>New Delhi: Oil prices gained more than $1 on Monday despite OPEC+ announcing another output hike, deepening doubts over the &#8216;oil glut&#8217; narrative that has long predicted softer prices but has yet to play out.<\/p>\n<p>The benchmark Brent traded near $67 a barrel, broadly unchanged from early April levels, when OPEC+ first unveiled monthly supply increases totalling 2.2 million barrels per day (mbd). Over the weekend, the group announced a fresh plan to raise output by 137,000 barrels per day (bpd) in October as part of its broader strategy to add 1.65 mbd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Oil prices gained more than $1 on Monday despite OPEC+ announcing another output hike, deepening doubts over the &#8216;oil glut&#8217; narrative that has long predicted softer prices but has yet to play out. The benchmark Brent traded near $67 a barrel, broadly unchanged from early April levels, when OPEC+ first unveiled monthly supply increases totalling 2.2 million barrels per day (mbd). Over the weekend, the group announced a fresh plan to raise output by 137,000 barrels per day (bpd) in October as part of its broader strategy to add 1.65 mbd.<\/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":[130,191,136],"tags":[],"class_list":["post-645463","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645463","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=645463"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645463\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=645463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=645463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=645463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}