{"id":403394,"date":"2021-03-06T10:44:02","date_gmt":"2021-03-06T05:14:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403394"},"modified":"2021-03-06T11:50:06","modified_gmt":"2021-03-06T06:20:06","slug":"use-the-cheap-oil-in-strategic-reserves-saudi-tells-india-after-pleas-for-increased-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/use-the-cheap-oil-in-strategic-reserves-saudi-tells-india-after-pleas-for-increased-supply\/","title":{"rendered":"Use the cheap oil in strategic reserves, Saudi tells India after pleas for increased supply"},"content":{"rendered":"<p>Saudi Arabia asked India to use the cheap oil in its strategic reserves to deal with the current price rally as the Arab nation and its allies ignored New Delhi&#8217;s plea to increase supply. Crude rose to $68 a barrel on Friday. India had bought oil from Saudi Arabia and other producers to fill its strategic reserve for about $19 a barrel last year when the pandemic had hit demand. <\/p>\n<p>Rising crude prices, up nearly 70% since October, had prompted India to criticise producers&#8217; extended supply cut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia asked India to use the cheap oil in its strategic reserves to deal with the current price rally as the Arab nation and its allies ignored New Delhi&#8217;s plea to increase supply. Crude rose to $68 a barrel on Friday. India had bought oil from Saudi Arabia and other producers to fill its strategic reserve for about $19 a barrel last year when the pandemic had hit demand. Rising crude prices, up nearly 70% since October, had prompted India to criticise producers&#8217; extended supply cut.<\/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-403394","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\/403394","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=403394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}