{"id":382258,"date":"2020-11-04T10:29:37","date_gmt":"2020-11-04T04:59:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382258"},"modified":"2020-11-04T12:38:04","modified_gmt":"2020-11-04T07:08:04","slug":"qatar-to-base-state-budget-on-oil-at-40-per-barrel-emir-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/qatar-to-base-state-budget-on-oil-at-40-per-barrel-emir-says\/","title":{"rendered":"Qatar to base state budget on oil at $40 per barrel, Emir says"},"content":{"rendered":"<p>Qatar&#8217;s budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar&#8217;s Emir said on Tuesday.<\/p>\n<p>Oil prices have recovered only slightly since tumbling to their lowest in almost two decades in March as the COVID-19 pandemic hit demand. Brent crude futures were trading at $39.67 a barrel at 0845 GMT on Tuesday.<\/p>\n<p>Crude oil prices provide a benchmark for gas prices, impacting Qatar, which is one of the world&#8217;s biggest liquefied natural gas exporters. <\/p>\n<p>&#8220;As we are keen to bypass the negative economic consequences resulting from the volatility of oil prices we have instructed that the state budget be based on the price of oil at $40 per barrel,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qatar&#8217;s budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar&#8217;s Emir said on Tuesday. Oil prices have recovered only slightly since tumbling to their lowest in almost two decades in March as the COVID-19 pandemic hit demand. Brent crude futures were trading at $39.67 a barrel at 0845 GMT on Tuesday. Crude oil prices provide a benchmark for gas prices, impacting Qatar, which is one of the world&#8217;s biggest liquefied natural gas exporters. &#8220;As we are keen to bypass the negative economic [&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":[130,191,136],"tags":[],"class_list":["post-382258","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\/382258","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=382258"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382258\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}