{"id":448474,"date":"2021-11-09T08:40:47","date_gmt":"2021-11-09T03:10:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=448474"},"modified":"2021-11-09T09:18:19","modified_gmt":"2021-11-09T03:48:19","slug":"larger-than-expected-saudi-crude-price-hikes-to-asia-bullish-for-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larger-than-expected-saudi-crude-price-hikes-to-asia-bullish-for-markets\/","title":{"rendered":"Larger-than-expected Saudi crude price hikes to Asia bullish for markets"},"content":{"rendered":"<p>Top oil exporter Saudi Arabia has raised the price differential of its flagship crude to Asia by more than double in December versus November, exceeding market expectations and sending a bullish signal to the global oil market, traders said.<\/p>\n<p>The sharper-than-expected price hike comes after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed last week to maintain a production hike of 400,000 barrels per day (bpd) for December despite consumers&#8217; calls for higher output.<\/p>\n<p>On Saturday, state oil giant Saudi Aramco hiked the official selling price (OSP) for Arab Light crude by $1.40 to $2.70 a barrel above the average of Platts Dubai and DME Oman prices in December, its highest level since September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top oil exporter Saudi Arabia has raised the price differential of its flagship crude to Asia by more than double in December versus November, exceeding market expectations and sending a bullish signal to the global oil market, traders said. The sharper-than-expected price hike comes after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed last week to maintain a production hike of 400,000 barrels per day (bpd) for December despite consumers&#8217; calls for higher output. On Saturday, state oil giant Saudi Aramco hiked the official selling price (OSP) for Arab Light crude by [&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-448474","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\/448474","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=448474"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448474\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}