{"id":292272,"date":"2019-09-18T04:55:59","date_gmt":"2019-09-18T04:55:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292272"},"modified":"2019-09-18T04:55:59","modified_gmt":"2019-09-18T04:55:59","slug":"how-saudi-oil-attack-may-impact-india-global-oil-supplies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-saudi-oil-attack-may-impact-india-global-oil-supplies\/","title":{"rendered":"How Saudi oil attack may impact India, global oil supplies"},"content":{"rendered":"<p>On September 14, drones attacked the world&#8217;s largest crude-processing facility operated by Saudi Arabia&#8217;s Aramco. The drone attack, claimed by Yemen\u2019s Houthi rebels, cut the kingdom\u2019s crude output in half and sent prices soaring by the most in decades.<\/p>\n<p>The attack on Saudi Aramco&#8217;s crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels a day and threw into question its ability to maintain oil exports.<\/p>\n<p>Oil minister Dharmendra Pradhan stated that &#8220;we are confident that there would not be any supply disruption&#8221; as the situation is &#8220;closely monitored&#8221;. However, analysts warned that an extended period of high oil prices could hurt India\u2019s economic growth as it imports 83 per cent of its crude requirement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 14, drones attacked the world&#8217;s largest crude-processing facility operated by Saudi Arabia&#8217;s Aramco. The drone attack, claimed by Yemen\u2019s Houthi rebels, cut the kingdom\u2019s crude output in half and sent prices soaring by the most in decades. The attack on Saudi Aramco&#8217;s crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels a day and threw into question its ability to maintain oil exports. Oil minister Dharmendra Pradhan stated that &#8220;we are confident that there would not be any supply disruption&#8221; as the situation is &#8220;closely monitored&#8221;. However, analysts warned that an extended period of high [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-292272","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292272","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=292272"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292272\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}