{"id":351033,"date":"2020-05-13T11:14:52","date_gmt":"2020-05-13T05:44:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351033"},"modified":"2020-05-13T11:14:52","modified_gmt":"2020-05-13T05:44:52","slug":"crude-oil-prices-up-after-saudis-pledge-deeper-output-cuts-beyond-june","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-up-after-saudis-pledge-deeper-output-cuts-beyond-june\/","title":{"rendered":"Crude oil prices up after Saudis pledge deeper output cuts beyond June"},"content":{"rendered":"<p>YORK, May 12 (Reuters) &#8211; Oil prices rose on Tuesday after an unexpected commitment from Saudi Arabia to deepen production cuts in June and on indications that the producer group known as OPEC+ wants to maintain existing curbs for longer than expected.<\/p>\n<p>Brent crude advanced 44 cents, or 1.5 per cent, to $30.07 by 11:17 a.m. EDT (1517 GMT), while US West Texas Intermediate (WTI) crude was up $1.40, or 5.8 per cent, at $25.54.<\/p>\n<p>Saudi Arabia said on Monday it would add to existing cuts by reducing output another 1 million barrels per day (bpd) next month, slashing total production to 7.5 million bpd, or down nearly 40 per cent from April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>YORK, May 12 (Reuters) &#8211; Oil prices rose on Tuesday after an unexpected commitment from Saudi Arabia to deepen production cuts in June and on indications that the producer group known as OPEC+ wants to maintain existing curbs for longer than expected. Brent crude advanced 44 cents, or 1.5 per cent, to $30.07 by 11:17 a.m. EDT (1517 GMT), while US West Texas Intermediate (WTI) crude was up $1.40, or 5.8 per cent, at $25.54. Saudi Arabia said on Monday it would add to existing cuts by reducing output another 1 million barrels per day (bpd) next month, slashing total [&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-351033","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\/351033","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=351033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}