{"id":434417,"date":"2021-09-07T08:52:50","date_gmt":"2021-09-07T03:22:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434417"},"modified":"2021-09-07T09:34:00","modified_gmt":"2021-09-07T04:04:00","slug":"oil-steady-as-ida-outages-offset-saudi-arabias-cuts-in-crude-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-as-ida-outages-offset-saudi-arabias-cuts-in-crude-prices\/","title":{"rendered":"Oil steady as Ida outages offset Saudi Arabia&#8217;s cuts in crude prices"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied on Monday as gains on production outages after Hurricane Ida were tempered by Saudi Arabia&#8217;s sharp cuts to crude contract prices for Asia, reviving concerns over the demand outlook. <\/p>\n<p>Brent crude futures fell 16 cents to $72.45 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. West Texas Intermediate crude fell 12 cents to $69.17 a barrel.<\/p>\n<p>Both contracts had been down by $1 in earlier trade.<\/p>\n<p>State oil group 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>NEW YORK (Reuters) &#8211; Oil prices steadied on Monday as gains on production outages after Hurricane Ida were tempered by Saudi Arabia&#8217;s sharp cuts to crude contract prices for Asia, reviving concerns over the demand outlook. Brent crude futures fell 16 cents to $72.45 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. West Texas Intermediate crude fell 12 cents to $69.17 a barrel. Both contracts had been down by $1 in earlier trade. State oil group Saudi Aramco notified customers in a statement on Sunday that it will cut October official selling prices (OSPs) for all crude grades sold [&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-434417","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\/434417","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=434417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}