{"id":34601,"date":"2023-04-03T16:26:25","date_gmt":"2023-04-03T16:26:25","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production"},"modified":"2023-04-03T16:47:53","modified_gmt":"2023-04-03T16:47:53","slug":"oil-prices-shoot-up-as-countries-cut-production","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production","title":{"rendered":"Oil prices shoot up as countries cut production"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>Oil prices have surged by more than 5% after several of the world\u2019s largest exporters announced surprise cuts in production.<\/p>\n

According to the BBC, the price of Brent crude oil is trading above $84 a barrel \u2013 as economists warned that higher oil prices could make it harder to bring down the cost of living.<\/p>\n

Brent crude prices reportedly rose after Saudi Arabia, Iraq and several Gulf states that make up the Organization of Petroleum Exporting Countries and its observers, said on Sunday they were cutting output by more than one million barrels of oil a day.<\/p>\n

In addition, Russia said it will extend its cut of half a million barrels per day until the end of the year.<\/p>\n

Energy giants BP and Shell saw their share prices rise on Monday, with both rising more than 4%, BBC reports.<\/p>\n

The reduction in output is being made by members of the Opec+ oil producers, which account for about 40% of all the world\u2019s crude oil output.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. Oil prices have surged by more than 5% after several of the world\u2019s largest exporters announced surprise cuts in production. According to the BBC, the price of Brent crude oil is trading above $84 a barrel \u2013 as economists warned that higher oil prices could make it harder to bring down the […]<\/p>\n","protected":false},"author":84,"featured_media":34599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,293],"tags":[234,265,233],"class_list":["post-34601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nOil prices shoot up as countries cut production - South Sudan<\/title>\n<meta name=\"description\" content=\"Oil prices have surged by more than 5% after several of the world\u2019s largest exporters announced surprise cuts in product ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices shoot up as countries cut production\" \/>\n<meta property=\"og:description\" content=\"Oil prices have surged by more than 5% after several of the world\u2019s largest exporters announced surprise cuts in product ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T16:26:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-03T16:47:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/04\/postQueueImg_1680522997.58.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\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:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices shoot up as countries cut production\",\"datePublished\":\"2023-04-03T16:26:25+00:00\",\"dateModified\":\"2023-04-03T16:47:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\"},\"wordCount\":182,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/04\/postQueueImg_1680522997.58.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oil-prices-shoot-up-as-countries-cut-production\",\"name\":\"Oil prices shoot up as countries cut production - 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