{"id":352707,"date":"2020-05-22T11:45:48","date_gmt":"2020-05-22T06:15:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352707"},"modified":"2020-05-22T11:57:41","modified_gmt":"2020-05-22T06:27:41","slug":"kuwait-saudi-halt-oil-production-from-neutral-zone","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kuwait-saudi-halt-oil-production-from-neutral-zone\/","title":{"rendered":"Kuwait, Saudi halt oil production from neutral zone"},"content":{"rendered":"<p>Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said.<\/p>\n<p>The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led by Russia in April to cut output by a record 9.7 million barrels per day after crude prices plummeted to a two-decade low.<\/p>\n<p>Last week, Saudi Arabia &#8212; the world&#8217;s biggest oil exporter &#8212; pledged to cut an additional one million bpd beyond its agreed quota in June in a bid to reduce excess supply.<\/p>\n<p>The United Arab Emirates and Kuwait followed suit with pledges of additional cuts of 100,000 bpd and 60,000 bpd respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said. The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led by Russia in April to cut output by a record 9.7 million barrels per day after crude prices plummeted to a two-decade low. Last week, Saudi Arabia &#8212; the world&#8217;s biggest oil exporter &#8212; pledged to cut an additional one million bpd beyond its agreed quota in June in a bid to reduce [&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-352707","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\/352707","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=352707"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352707\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}