{"id":57508,"date":"2017-06-23T07:00:00","date_gmt":"2017-06-23T09:00:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/oil-agreement-sees-highest-compliance-level\/"},"modified":"2024-02-21T22:26:41","modified_gmt":"2024-02-22T01:26:41","slug":"oil-agreement-sees-highest-compliance-level","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/oil-agreement-sees-highest-compliance-level\/","title":{"rendered":"Oil agreement sees highest compliance level"},"content":{"rendered":"<p>Vienna &ndash; Members of the Organization of Petroleum Exporting Countries (Opec) and other oil-producing nations registered the highest level of compliance with an agreement to cut global production, <em>Kuwait News Agency (KUNA)<\/em> reported this Thursday (22).<\/p>\n<p>At the end of last year, the 13 Opec countries and 11 non-members decided to slash daily output by 1.8 barrels in a bid to push prices up.<\/p>\n<p><em>Kuna <\/em>said compliance reached 106%, i.e. more than the expected level. The information was made public by a ministerial committee established to keep track of the pact; it is based on a report concerning the month of May. <\/p>\n<p>The committee hailed the fact that compliance with the deal has increased steadily since it went into effect, on January 1st, surpassing 100% in April and May. <\/p>\n<p>The original deal provided for a six-month production cut, but the parties involved decided to extend it for another nine months. <\/p>\n<p>Although oil prices did go up early on in the year, they slid to a ten-month low last Wednesday (21). Thursday, however, saw the barrel price climb 0.59%, to USD 42.78 in the United States, and 0.96% to USD 45.25 in London. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-191979\">Haidar Mohammed Ali\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The goal of slashing global output by 1.8 million barrels per day was exceeded in May. Opec members and non-members agreed to reduce supply in order to drive prices up.<\/p>\n","protected":false},"author":2316,"featured_media":191979,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-57508","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The goal of slashing global output by 1.8 million barrels per day was exceeded in May. Opec members and non-members agreed to reduce supply in order to drive prices up.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=57508"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/191979"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=57508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=57508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=57508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}