{"id":51728,"date":"2021-10-01T00:57:43","date_gmt":"2021-09-30T20:57:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51728"},"modified":"2021-10-01T00:59:29","modified_gmt":"2021-09-30T20:59:29","slug":"oil-surges-over-beijings-orders-ahead-of-opec-meeting","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-surges-over-beijings-orders-ahead-of-opec-meeting\/10\/01\/market-updates\/","title":{"rendered":"Oil surges over Beijing\u2019s orders ahead of OPEC+ meeting"},"content":{"rendered":"\n<p>Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.<br>The global energy crisis impacted China&#8217;s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil has rallied to touch a relatively high level of USD 80 per barrel on Wednesday. <br>However, OPEC+ has come out to say they will consider going beyond the existing deal to boost production by 400,000 barrels per day during next week\u2019s meeting.<br>OPEC Sources told Reuters that the intention to boost production is an efficient measure comes as a reaction to a backdrop of oil nearing biggest high since 2018 and pressure from consumers for more supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.The global energy crisis impacted China&#8217;s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil has rallied to touch a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31476,"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":[7616,6832,7436,7004,7617],"class_list":["post-51728","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-beijing","tag-china","tag-crude-oil","tag-opec-2","tag-stock-up"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51728","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51728"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51728\/revisions"}],"predecessor-version":[{"id":51733,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51728\/revisions\/51733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31476"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}