{"id":413732,"date":"2021-05-06T08:41:49","date_gmt":"2021-05-06T03:11:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413732"},"modified":"2021-05-06T08:57:08","modified_gmt":"2021-05-06T03:27:08","slug":"saudi-arabia-cuts-oil-prices-for-asia-as-virus-hits-india-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-cuts-oil-prices-for-asia-as-virus-hits-india-demand\/","title":{"rendered":"Saudi Arabia cuts oil prices for Asia as virus hits India demand"},"content":{"rendered":"<p>Saudi Arabia lowered prices for oil shipments to customers in its main market of Asia as a surge in coronavirus cases crimps energy demand in India, the world\u2019s third-largest crude importer.<\/p>\n<p>The kingdom\u2019s state energy firm, Saudi Aramco, reduced pricing for June shipments to the continent by between 10 and 30 cents per barrel. <\/p>\n<p>India Oil Demand to Drop 670k B\/D in May as Outlook Darkens: FGE<\/p>\n<p>The key Arab Light grade for Asia was cut to $1.70 a barrel above the benchmark from $1.80 for May shipments. That\u2019s the first reduction in official selling prices for the grade since December, signaling potential weakness in Asian oil markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia lowered prices for oil shipments to customers in its main market of Asia as a surge in coronavirus cases crimps energy demand in India, the world\u2019s third-largest crude importer. The kingdom\u2019s state energy firm, Saudi Aramco, reduced pricing for June shipments to the continent by between 10 and 30 cents per barrel. India Oil Demand to Drop 670k B\/D in May as Outlook Darkens: FGE The key Arab Light grade for Asia was cut to $1.70 a barrel above the benchmark from $1.80 for May shipments. That\u2019s the first reduction in official selling prices for the grade since [&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":[135,130,169],"tags":[],"class_list":["post-413732","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413732","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=413732"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413732\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}