{"id":480315,"date":"2022-03-30T10:52:11","date_gmt":"2022-03-30T05:22:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=480315"},"modified":"2022-03-30T12:08:23","modified_gmt":"2022-03-30T06:38:23","slug":"oil-volatility-worse-without-opec-bloc-that-includes-russia-saudi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-volatility-worse-without-opec-bloc-that-includes-russia-saudi\/","title":{"rendered":"Oil volatility &#8216;worse&#8217; without OPEC+ bloc that includes Russia: Saudi"},"content":{"rendered":"<p>Volatility on oil markets sparked by Russia&#8217;s invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said on Tuesday, insisting the alliance that includes Russia deserves credit. <\/p>\n<p>Oil shot up to nearly $140 on supply fears after Russia sent troops into its neighbour on February 24, and the price of crude is still trading at well over $100 a barrel.<\/p>\n<p>&#8220;I certainly believe that if it wasn&#8217;t for OPEC+ existing, we would not be celebrating a sustainable energy market&#8230; even with today&#8217;s volatility,&#8221; Prince Abdulaziz bin Salman said. <\/p>\n<p>&#8220;Volatility would have even be worse if OPEC were not together and did not exist,&#8221; the Saudi minister told the World Government Summit in Dubai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volatility on oil markets sparked by Russia&#8217;s invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said on Tuesday, insisting the alliance that includes Russia deserves credit. Oil shot up to nearly $140 on supply fears after Russia sent troops into its neighbour on February 24, and the price of crude is still trading at well over $100 a barrel. &#8220;I certainly believe that if it wasn&#8217;t for OPEC+ existing, we would not be celebrating a sustainable energy market&#8230; even with today&#8217;s volatility,&#8221; Prince Abdulaziz bin Salman said. &#8220;Volatility would have even be worse if OPEC were [&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":[146,130,177],"tags":[],"class_list":["post-480315","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/480315","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=480315"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/480315\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=480315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=480315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=480315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}