{"id":582296,"date":"2023-06-06T09:59:01","date_gmt":"2023-06-06T04:29:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582296"},"modified":"2023-06-06T10:57:44","modified_gmt":"2023-06-06T05:27:44","slug":"saudi-arabia-raises-july-flagship-crude-price-for-asia-to-6-month-high","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-raises-july-flagship-crude-price-for-asia-to-6-month-high\/","title":{"rendered":"Saudi Arabia raises July flagship crude price for Asia to 6-month high"},"content":{"rendered":"<p>Saudi Arabia, the world&#8217;s top oil exporter, raised the prices of its flagship crude Arab Light to Asian buyers in July to a six-month high, following its pledge on Sunday to make a deep cut to its production next month. <\/p>\n<p>The official selling price (OSP) for July-loading Arab Light to Asia was increased by 45 cents a barrel from June to $3.00 a barrel over Oman\/Dubai quotes, according to a statement issued by state oil giant Saudi Aramco. <\/p>\n<p>The price hike came after Saudi Arabia unexpectedly announced its biggest reduction in years of an extra output reduction of 1 million barrels per day (bpd) in July, bringing the kingdom&#8217;s output to 9 million bpd next month from around 10 million bpd in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia, the world&#8217;s top oil exporter, raised the prices of its flagship crude Arab Light to Asian buyers in July to a six-month high, following its pledge on Sunday to make a deep cut to its production next month. The official selling price (OSP) for July-loading Arab Light to Asia was increased by 45 cents a barrel from June to $3.00 a barrel over Oman\/Dubai quotes, according to a statement issued by state oil giant Saudi Aramco. The price hike came after Saudi Arabia unexpectedly announced its biggest reduction in years of an extra output reduction of 1 million [&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-582296","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\/582296","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=582296"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582296\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}