{"id":341034,"date":"2020-03-09T12:13:56","date_gmt":"2020-03-09T06:43:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341034"},"modified":"2020-03-09T12:13:56","modified_gmt":"2020-03-09T06:43:56","slug":"oil-down-over-30-after-saudis-slash-prices-in-all-out-crude-war","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-down-over-30-after-saudis-slash-prices-in-all-out-crude-war\/","title":{"rendered":"Oil down over 30% after Saudis slash prices in all-out crude war"},"content":{"rendered":"<p>Oil markets fell the most since the US war in Iraq in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world\u2019s biggest producers.<\/p>\n<p>In one of the most dramatic bouts of selling ever, Brent futures sunk by 31% in a matter of seconds after the open of trading in Asia on Monday after already suffering their biggest loss since the global financial crisis at the end of last week.<\/p>\n<p>Hammered by a collapse in demand due to the coronavirus, the oil market sank deeper into chaos on the prospect of a supply free-for-all. Saudi Arabia over the weekend slashed its official prices by the most in at least 20 years and signaled to buyers it would ramp up output &#8212; an unambiguous declaration of intent to flood the market with crude. Russia said its companies were free to pump as much as they could.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil markets fell the most since the US war in Iraq in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world\u2019s biggest producers. In one of the most dramatic bouts of selling ever, Brent futures sunk by 31% in a matter of seconds after the open of trading in Asia on Monday after already suffering their biggest loss since the global financial crisis at the end of last week. Hammered by a collapse in demand due to the coronavirus, the oil market sank deeper into chaos on the prospect of a supply free-for-all. Saudi [&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-341034","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\/341034","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=341034"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341034\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}