{"id":641132,"date":"2017-09-13T03:53:45","date_gmt":"2017-09-13T03:53:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/"},"modified":"2017-09-13T03:53:45","modified_gmt":"2017-09-13T03:53:45","slug":"opec-could-prolong-oil-cuts-to-boost-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/","title":{"rendered":"OPEC could prolong oil cuts to boost prices"},"content":{"rendered":"

OPEC could be prolonging oil production cuts that are set to expire in March 2018 \u201cwell<\/strong> into the second half of next year<\/strong> in effort to boost prices,\u201dsources tell Bloomberg<\/a>. \u201cAn extension of that duration would be needed under the worst-case scenario for the oil market that OPEC ministers are now contemplating,\u201d the sources add, explaining that the actual duration of extension, which will be determined at OPEC and allies\u2019 November meeting, will depend on a number of variables, including levels of global demand, level of compliance with promised production cuts, output recovery in Libya and Nigeria, and the US\u2019 shale gas supply.<\/p>\n","protected":false},"excerpt":{"rendered":"

OPEC could be prolonging oil production cuts that are set to expire in March 2018 \u201cwell into the second half of next year in effort to boost prices,\u201dsources tell Bloomberg. \u201cAn extension of that duration would be needed under the worst-case scenario for the oil market that OPEC ministers are now contemplating,\u201d the sources add, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641132","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"177e43af-0a6c-498c-b8bc-758406c5bfa0","order":"0","is_powered_by":true,"section_story_id":"3d048b2e-707e-4e56-b1a7-0552bbf8a448","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641116],"teaser":"","voice_url":""},"yoast_head":"\nOPEC could prolong oil cuts to boost prices - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEC could prolong oil cuts to boost prices\" \/>\n<meta property=\"og:description\" content=\"OPEC could be prolonging oil production cuts that are set to expire in March 2018 \u201cwell into the second half of next year in effort to boost prices,\u201dsources tell Bloomberg. \u201cAn extension of that duration would be needed under the worst-case scenario for the oil market that OPEC ministers are now contemplating,\u201d the sources add, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-13T03:53:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OPEC could prolong oil cuts to boost prices\",\"datePublished\":\"2017-09-13T03:53:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/\",\"name\":\"OPEC could prolong oil cuts to boost prices - 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The Finance Ministry will review the impact of higher crude prices on Egypt\u2019s fuel subsidy bill for FY2017-18, said El Garhy at the press conference, according to Al Mal. 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The Gas Exporting Countries Forum, at which Egypt is a participant, is angling to effectively decouple natural gas from oil prices, pointing to gas\u2019 \u201cenvironmental benefits and energy efficiency.\u201dMeanwhile, Russia\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647962,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/","url_meta":{"origin":641132,"position":3},"title":"Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"Turkmenistan, Norway, and Egypt have all signaled willingness to join OPEC members in cutting their production of oil, Kuwait's Oil Minister Essam Al Marzouq said, according to Reuters. 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