{"id":490201,"date":"2022-05-09T09:51:05","date_gmt":"2022-05-09T04:21:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=490201"},"modified":"2022-05-09T10:34:48","modified_gmt":"2022-05-09T05:04:48","slug":"saudis-cut-oil-prices-for-asia-from-record-highs-amid-china-lockdowns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudis-cut-oil-prices-for-asia-from-record-highs-amid-china-lockdowns\/","title":{"rendered":"Saudis cut oil prices for Asia from record highs amid China lockdowns"},"content":{"rendered":"<p>Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia\u2019s supplies as the Ukraine war drags on. <\/p>\n<p>Saudi Aramco is lowering prices for the first time in four months. The state-controlled company dropped its key Arab Light crude grade for next month\u2019s shipments to Asia to $4.40 a barrel above the benchmark it uses, from $9.35 in May. That\u2019s in line with a Bloomberg survey of refiners and traders from late April that forecast a $5 decrease. <\/p>\n<p>Aramco also lowered all grades for the north west Europe region and almost all for the Mediterranean. Prices for US customers were kept unchanged from May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia\u2019s supplies as the Ukraine war drags on. Saudi Aramco is lowering prices for the first time in four months. The state-controlled company dropped its key Arab Light crude grade for next month\u2019s shipments to Asia to $4.40 a barrel above the benchmark it uses, from $9.35 in May. That\u2019s in line with a Bloomberg survey of refiners and traders from late April that forecast a $5 decrease. Aramco also lowered all grades for the north west Europe region and [&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-490201","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\/490201","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=490201"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490201\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=490201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=490201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=490201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}