{"id":271049,"date":"2019-04-25T05:30:43","date_gmt":"2019-04-25T05:30:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271049"},"modified":"2019-04-25T05:30:43","modified_gmt":"2019-04-25T05:30:43","slug":"saudi-arabia-sees-no-need-for-immediate-action-on-oil-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-sees-no-need-for-immediate-action-on-oil-market\/","title":{"rendered":"Saudi Arabia sees no need for immediate action on oil market"},"content":{"rendered":"<p>Saudi Arabia\u2019s energy minister said the world\u2019s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the US decision to tighten sanctions on Iran.<\/p>\n<p>The kingdom won\u2019t significantly raise output in May and will stay within its OPEC production limit until the group\u2019s current supply deal expires in June, Khalid Al-Falih said Wednesday in Riyadh. That would allow for a modest increase in production because Saudi Arabia currently pumps about 500,000 barrels a day below its quota.<\/p>\n<p>\u201cWe will see what the customers want,&#8221; Al-Falih told reporters. \u201cI think our intent is to remain within our voluntary production limit, but at the same time to be responsive to our customers, especially those who have been under waivers, and those waivers have been withdrawn.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s energy minister said the world\u2019s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the US decision to tighten sanctions on Iran. The kingdom won\u2019t significantly raise output in May and will stay within its OPEC production limit until the group\u2019s current supply deal expires in June, Khalid Al-Falih said Wednesday in Riyadh. That would allow for a modest increase in production because Saudi Arabia currently pumps about 500,000 barrels a day below its quota. \u201cWe will see what the customers want,&#8221; Al-Falih told reporters. \u201cI think our [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-271049","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}