{"id":61747,"date":"2022-03-10T10:57:25","date_gmt":"2022-03-10T06:57:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=61747"},"modified":"2022-03-10T10:57:27","modified_gmt":"2022-03-10T06:57:27","slug":"oil-rises-after-the-uae-says-it-is-committed-to-the-opec-agreement-to-increase-supplies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-after-the-uae-says-it-is-committed-to-the-opec-agreement-to-increase-supplies\/03\/10\/market-updates\/","title":{"rendered":"Oil Rises After The UAE Says it is Committed to The OPEC+ Agreement to Increase Supplies"},"content":{"rendered":"\n<p>Oil prices recovered on Thursday after the United Arab Emirates said it was committed to the OPEC+ agreement to increase monthly supplies by 400,000 barrels per day, hours after its ambassador in Washington said his country favored a larger increase.<\/p>\n\n\n\n<p>US West Texas Intermediate crude contracts jumped more than three dollars a barrel shortly after the start of trading and was trading up 1.53 dollars a barrel, or 1.4 percent, at 110.23 dollars a barrel.<\/p>\n\n\n\n<p>The US contract had lost 12.5 percent in the previous session, its biggest daily drop since November.<\/p>\n\n\n\n<p>UAE Energy Minister Suhail Al Mazrouei said on Twitter late on Wednesday that his country was committed to the OPEC + agreement and its current monthly production adjustment mechanism.<\/p>\n\n\n\n<p>&#8220;The UAE believes in the value that the OPEC + group provides to the oil markets,&#8221; the minister added.<\/p>\n\n\n\n<p>His comments came hours after the UAE ambassador to Washington said that his country favors increasing oil production and will encourage OPEC to consider increasing supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices recovered on Thursday after the United Arab Emirates said it was committed to the OPEC+ agreement to increase monthly supplies by 400,000 barrels per day, hours after its ambassador in Washington said his country favored a larger increase. US West Texas Intermediate crude contracts jumped more than three dollars a barrel shortly after &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32612,"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":[8159,7897,7004,8854,6831],"class_list":["post-61747","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-oil-production","tag-opec-2","tag-russian-invasion-of-ukraine","tag-uae"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61747","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=61747"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61747\/revisions"}],"predecessor-version":[{"id":61748,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61747\/revisions\/61748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32612"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=61747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=61747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=61747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}