{"id":70646,"date":"2022-08-23T19:03:05","date_gmt":"2022-08-23T15:03:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70646"},"modified":"2022-08-23T19:24:06","modified_gmt":"2022-08-23T15:24:06","slug":"opec-ponders-output-cuts-once-iranian-production-returns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/opec-ponders-output-cuts-once-iranian-production-returns\/08\/23\/market-updates\/","title":{"rendered":"OPEC+ ponders output cut once Iranian oil returns"},"content":{"rendered":"\n<p>Citing nine OPEC sources familiar with the matter, Reuters reported on Tuesday that OPEC and its allies, the group known as OPEC+, may lean towards oil output cuts when and if Iranian production returns depending on the revival of the nuclear deal.<br><br>On Monday, Saudi Arabia&#8217;s energy minister told Bloomberg that OPEC+ may be compelled to reduce oil production, as the physical and futures markets get increasingly strayed away from fundamentals.<br><br>Crude oil prices continued to push higher on this headline. As of writing, the barrel of West Texas Intermediate was trading at $93.75, where it was up 3.6% on a daily basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citing nine OPEC sources familiar with the matter, Reuters reported on Tuesday that OPEC and its allies, the group known as OPEC+, may lean towards oil output cuts when and if Iranian production returns depending on the revival of the nuclear deal.On Monday, Saudi Arabia&#8217;s energy minister told Bloomberg that OPEC+ may be compelled to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61355,"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":[8245,7004,6909],"class_list":["post-70646","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-iranian-oil","tag-opec-2","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70646","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=70646"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70646\/revisions"}],"predecessor-version":[{"id":70710,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70646\/revisions\/70710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61355"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}