{"id":62952,"date":"2022-03-30T11:08:18","date_gmt":"2022-03-30T07:08:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=62952"},"modified":"2022-03-30T11:08:21","modified_gmt":"2022-03-30T07:08:21","slug":"world-bank-chief-says-gulf-producers-role-critical-in-dampening-oil-volatility","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/world-bank-chief-says-gulf-producers-role-critical-in-dampening-oil-volatility\/03\/30\/market-updates\/","title":{"rendered":"World Bank chief says Gulf producers role critical in dampening oil volatility"},"content":{"rendered":"\n<p>World Bank President David Malpass said on Wednesday that oil-producing Gulf countries can play a vital role in calming oil and gas prices in the coming months.<\/p>\n\n\n\n<p>And many consuming countries urged the OPEC + group to increase production at a faster pace, with the rise in crude prices, which reached their highest levels since 2008 this month at the level of 139 dollars a barrel.<\/p>\n\n\n\n<p>&#8220;We are witnessing a massive restructuring of the global oil and gas market, where the supply flexibility of the GCC will be critical in dampening volatility in coming months,&#8221; David Malpass said in a speech telecast at the World Government Summit in Dubai.<\/p>\n\n\n\n<p>&#8220;We are already seeing the GCC countries willing to invest quickly in hydrogen and help move the entire industry down the cost curve,&#8221; Malpass said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank President David Malpass said on Wednesday that oil-producing Gulf countries can play a vital role in calming oil and gas prices in the coming months. And many consuming countries urged the OPEC + group to increase production at a faster pace, with the rise in crude prices, which reached their highest levels since &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34138,"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":[36],"tags":[7203],"class_list":["post-62952","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62952","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=62952"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62952\/revisions"}],"predecessor-version":[{"id":62953,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62952\/revisions\/62953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34138"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}