{"id":424675,"date":"2021-07-07T08:54:04","date_gmt":"2021-07-07T03:24:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424675"},"modified":"2021-07-07T09:53:40","modified_gmt":"2021-07-07T04:23:40","slug":"politics-seep-into-oil-as-diverging-goals-test-saudi-%e2%80%88uae-relations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/politics-seep-into-oil-as-diverging-goals-test-saudi-%e2%80%88uae-relations\/","title":{"rendered":"Politics seep into oil as diverging goals test Saudi &amp;\u2008UAE relations"},"content":{"rendered":"<p>Like many relationships, the one between Saudi Arabia and the United Arab Emirates had long rested on two simple principles for when disputes arose: Deal with them behind closed doors or bite your tongue.<\/p>\n<p>After the neighbours\u2019 public spat over future Opec+ oil output, that\u2019s now looking hopelessly old-fashioned and the consequences are rippling out from the Persian Gulf. Most obviously, the tussle has left a question mark over crude supply as major nations emerge from Covid lockdowns. Opec+ abandoned its meeting on Monday without a deal, sending oil past $77. <\/p>\n<p>Oil prices climbed to multi-year highs on Tuesday. Brent crude hit a session high of $77.84, a level not seen since October 2018, before losing momentum and easing to trade $1.95, or 2.53 per cent lower, at $75.21 a barrel by 8.40 pm IST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like many relationships, the one between Saudi Arabia and the United Arab Emirates had long rested on two simple principles for when disputes arose: Deal with them behind closed doors or bite your tongue. After the neighbours\u2019 public spat over future Opec+ oil output, that\u2019s now looking hopelessly old-fashioned and the consequences are rippling out from the Persian Gulf. Most obviously, the tussle has left a question mark over crude supply as major nations emerge from Covid lockdowns. Opec+ abandoned its meeting on Monday without a deal, sending oil past $77. Oil prices climbed to multi-year highs on Tuesday. Brent [&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-424675","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\/424675","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=424675"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424675\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}