{"id":71506,"date":"2022-09-05T17:09:52","date_gmt":"2022-09-05T13:09:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71506"},"modified":"2022-09-05T17:47:05","modified_gmt":"2022-09-05T13:47:05","slug":"opec-agrees-to-cut-oil-production-by-100000-barrels-per-day-in-october","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/opec-agrees-to-cut-oil-production-by-100000-barrels-per-day-in-october\/09\/05\/market-updates\/","title":{"rendered":"OPEC + agrees to cut oil production by 100,000 barrels per day in October"},"content":{"rendered":"\n<p>In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting.<\/p>\n\n\n\n<p>The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need to support market stability and the efficiency of its dealings.<\/p>\n\n\n\n<p>The meeting emphasized that high volatility and heightened uncertainty require a continuous assessment of market conditions and readiness to immediately adjust production levels in various ways, if the need arises.<\/p>\n\n\n\n<p>He also stressed that OPEC + has the commitment, flexibility and means that enable it to deal with these challenges and guide the market, within the framework of the current mechanisms of the declaration of cooperation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting. The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need to support market stability and &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":[9950,6846,7536],"class_list":["post-71506","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-fears","tag-oil","tag-recession"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71506","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=71506"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71506\/revisions"}],"predecessor-version":[{"id":71507,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71506\/revisions\/71507"}],"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=71506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}