{"id":529231,"date":"2022-10-13T10:50:16","date_gmt":"2022-10-13T05:20:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529231"},"modified":"2022-10-13T11:52:23","modified_gmt":"2022-10-13T06:22:23","slug":"saudi-arabia-says-opec-oil-cut-purely-economic-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-says-opec-oil-cut-purely-economic-2\/","title":{"rendered":"Saudi Arabia says OPEC+ oil cut \u2018purely economic\u2019"},"content":{"rendered":"<p>Saudi Arabia rejected as \u201cnot based on facts\u201d statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers.<\/p>\n<p>The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday.<\/p>\n<p>President Joe Biden pledged earlier this week that \u201cthere will be consequences\u201d for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia rejected as \u201cnot based on facts\u201d statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers. The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday. President Joe Biden pledged earlier this week that \u201cthere will be consequences\u201d for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target [&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":[130],"tags":[],"class_list":["post-529231","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529231","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=529231"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529231\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}