{"id":350917,"date":"2020-05-12T11:48:52","date_gmt":"2020-05-12T06:18:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350917"},"modified":"2020-05-12T12:22:39","modified_gmt":"2020-05-12T06:52:39","slug":"saudi-arabia-to-slash-june-crude-oil-output-by-an-extra-1-million-barrels-per-day","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-to-slash-june-crude-oil-output-by-an-extra-1-million-barrels-per-day\/","title":{"rendered":"Saudi Arabia to slash June crude oil output by an extra 1 million barrels per day"},"content":{"rendered":"<p>Saudi Arabia has directed national oil company Aramco to cut its crude oil production for June by an extra voluntary amount of 1 million barrels per day, on top of a reduction already committed by the kingdom under the OPEC+ cut deal, a Saudi energy ministry official said on Monday. <\/p>\n<p>&#8220;This brings the total production cut that will be carried out by the Kingdom, to around 4.8 million barrels per day, from the April production level,&#8221; the official said.<\/p>\n<p>&#8220;Therefore, the Kingdom&#8217;s production for June, after both its targeted and voluntary cuts, will be 7.492 million barrels per day,&#8221; he added.<\/p>\n<p>Brent crude was up 19 cents, or almost 1%, at $31.16 a barrel by 1216 GMT, while U.S. West Texas Intermediate crude rose 38 cents, or 1.5%, to $25.12. Both contracts had fallen more than $1 earlier in the session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia has directed national oil company Aramco to cut its crude oil production for June by an extra voluntary amount of 1 million barrels per day, on top of a reduction already committed by the kingdom under the OPEC+ cut deal, a Saudi energy ministry official said on Monday. &#8220;This brings the total production cut that will be carried out by the Kingdom, to around 4.8 million barrels per day, from the April production level,&#8221; the official said. &#8220;Therefore, the Kingdom&#8217;s production for June, after both its targeted and voluntary cuts, will be 7.492 million barrels per day,&#8221; he [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-350917","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350917","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350917"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350917\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}