{"id":582479,"date":"2023-06-06T12:04:09","date_gmt":"2023-06-06T06:34:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582479"},"modified":"2023-06-06T13:35:15","modified_gmt":"2023-06-06T08:05:15","slug":"oil-up-1-on-saudi-plan-to-deepen-output-cuts-from-july","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-up-1-on-saudi-plan-to-deepen-output-cuts-from-july\/","title":{"rendered":"Oil up $1 on Saudi plan to deepen output cuts from July"},"content":{"rendered":"<p>Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds that have depressed markets.<\/p>\n<p>Brent crude futures were at $77.21 a barrel, up $1.08, or 1.4 per cent, at 0515 GMT after earlier hitting a session-high of $78.73 a barrel.<\/p>\n<p>US West Texas Intermediate crude climbed $1.07, or 1.5 per cent, to $72.81 a barrel, after touching an intraday high of $75.06 a barrel.<\/p>\n<p>The contracts extended gains of more than 2 per cent on Friday after the Saudi energy ministry said the kingdom&#8217;s output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May. The cut is Saudi Arabia&#8217;s biggest in years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.21 a barrel, up $1.08, or 1.4 per cent, at 0515 GMT after earlier hitting a session-high of $78.73 a barrel. US West Texas Intermediate crude climbed $1.07, or 1.5 per cent, to $72.81 a barrel, after touching an intraday high of $75.06 a barrel. The contracts extended gains of more than 2 per cent on Friday after the [&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-582479","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\/582479","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=582479"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582479\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}