{"id":48297,"date":"2021-07-13T13:28:27","date_gmt":"2021-07-13T09:28:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48297"},"modified":"2021-07-13T13:28:29","modified_gmt":"2021-07-13T09:28:29","slug":"iea-stalled-talks-in-opec-may-lead-to-a-price-war-in-light-of-high-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/iea-stalled-talks-in-opec-may-lead-to-a-price-war-in-light-of-high-demand\/07\/13\/market-updates\/","title":{"rendered":"IEA: Stalled Talks in OPEC+ May Lead to a Price War in Light of High Demand"},"content":{"rendered":"\n<p>Stalled talks among major oil producers about pumping more supplies could deteriorate into a &#8220;price war&#8221;, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand.<\/p>\n\n\n\n<p>The agency added that the possibility of a battle for market share threatens markets, even if it is a remote possibility, as well as the possibility of rising fuel prices threatens to fuel inflation and damage a fragile economic recovery.<\/p>\n\n\n\n<p>A dispute occurred at the last OPEC+ meeting between Saudi Arabia, the largest oil exporter in the world, on the one hand, and the UAE, on the other, which caused the meeting to be canceled over a dispute over oil production and export policy until the end of the year.<\/p>\n\n\n\n<p>Russia stated that it will work to bring the two countries closer to reach solutions that satisfy both parties to save the OPEC + agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stalled talks among major oil producers about pumping more supplies could deteriorate into a &#8220;price war&#8221;, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand. The agency added that the possibility of a battle for market share threatens markets, even if it is a remote possibility, as well as &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846],"class_list":["post-48297","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48297"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48297\/revisions"}],"predecessor-version":[{"id":48298,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48297\/revisions\/48298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31782"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}