{"id":496896,"date":"2022-06-07T12:20:12","date_gmt":"2022-06-07T06:50:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=496896"},"modified":"2022-06-07T12:20:12","modified_gmt":"2022-06-07T06:50:12","slug":"saudis-hike-crude-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudis-hike-crude-price\/","title":{"rendered":"Saudis hike crude price"},"content":{"rendered":"<p>Saudi Arabia, the world\u2019s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.<\/p>\n<p>The official selling price for July-loading Arab Light to Asia was hiked by $2.1 a barrel from June to $6.5 a barrel over Oman\/Dubai quotes, just off an all-time-high recorded in May.<\/p>\n<p>That was much higher than most market forecasts for an increase around $1.5. Only one respondent of six in a Reuter\u2019s poll had predicted a jump of $2.<\/p>\n<p>\u201cThe price jump is unexpected, especially the Arab Light. We are puzzled by the decision,\u201d said an Asian oil trader.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia, the world\u2019s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. The official selling price for July-loading Arab Light to Asia was hiked by $2.1 a barrel from June to $6.5 a barrel over Oman\/Dubai quotes, just off an all-time-high recorded in May. That was much higher than most market forecasts for an increase around $1.5. Only one respondent of six in a Reuter\u2019s poll had predicted a jump of $2. \u201cThe price jump is unexpected, especially the Arab Light. We [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-496896","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496896","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=496896"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496896\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=496896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=496896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=496896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}