{"id":138853,"date":"2025-05-05T03:57:46","date_gmt":"2025-05-05T03:57:46","guid":{"rendered":"https:\/\/euroupdate.eu\/index.php\/2025\/05\/05\/oil-prices-plunge-to-multi-year-low-as-opec-plans-to-accelerate-production-hikes\/"},"modified":"2025-05-05T03:57:46","modified_gmt":"2025-05-05T03:57:46","slug":"oil-prices-plunge-to-multi-year-low-as-opec-plans-to-accelerate-production-hikes","status":"publish","type":"post","link":"https:\/\/euroupdate.eu\/index.php\/2025\/05\/05\/oil-prices-plunge-to-multi-year-low-as-opec-plans-to-accelerate-production-hikes\/","title":{"rendered":"Oil prices plunge to multi-year low as OPEC+ plans to accelerate production hikes"},"content":{"rendered":"<p>Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions. <\/p>\n<p>Read more at <a href=\"https:\/\/www.euronews.com\/business\/2025\/05\/05\/oil-prices-plunge-to-multi-year-low-as-opec-plans-to-accelerate-production-hikes\" target=\"_blank\" class=\"feedzy-rss-link-icon\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions. Read more at Read More<\/p>\n","protected":false},"author":0,"featured_media":138854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-138853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/posts\/138853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/comments?post=138853"}],"version-history":[{"count":0,"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/posts\/138853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/media\/138854"}],"wp:attachment":[{"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/media?parent=138853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/categories?post=138853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euroupdate.eu\/index.php\/wp-json\/wp\/v2\/tags?post=138853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}