{"id":434410,"date":"2021-09-07T08:51:27","date_gmt":"2021-09-07T03:21:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434410"},"modified":"2021-09-07T09:33:55","modified_gmt":"2021-09-07T04:03:55","slug":"oil-prices-down-after-deep-saudi-price-cuts-spur-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-down-after-deep-saudi-price-cuts-spur-demand-concerns\/","title":{"rendered":"Oil prices down after deep Saudi price cuts spur demand concerns"},"content":{"rendered":"<p>Oil prices fell on Monday, extending losses after the world&#8217;s top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand. <\/p>\n<p>Brent crude futures for November fell 66 cents, or 0.91%, to $71.95 per barrel by 0930 GMT. <\/p>\n<p>U.S. West Texas Intermediate crude for October was at $68.69 a barrel, down 60 cents, or 0.87%. Both contracts were down over $1 in earlier trade.<\/p>\n<p>State oil giant Saudi Aramco notified customers in a statement on Sunday that it will cut October official selling prices (OSPs) for all crude grades sold to Asia, its biggest buying region, by at least $1 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday, extending losses after the world&#8217;s top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand. Brent crude futures for November fell 66 cents, or 0.91%, to $71.95 per barrel by 0930 GMT. U.S. West Texas Intermediate crude for October was at $68.69 a barrel, down 60 cents, or 0.87%. Both contracts were down over $1 in earlier trade. State oil giant Saudi Aramco notified customers in a statement on Sunday that it will cut October official selling prices (OSPs) for all [&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-434410","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\/434410","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=434410"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434410\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}