{"id":582759,"date":"2023-06-07T10:34:46","date_gmt":"2023-06-07T05:04:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582759"},"modified":"2023-06-07T11:48:25","modified_gmt":"2023-06-07T06:18:25","slug":"saudi-output-cut-unlikely-to-lift-oil-prices-to-high-80s-low-90s-citi-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-output-cut-unlikely-to-lift-oil-prices-to-high-80s-low-90s-citi-says\/","title":{"rendered":"Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says"},"content":{"rendered":"<p>Top crude exporter Saudi Arabia&#8217;s one million barrel per day (bpd) oil output cut is unlikely to underpin a &#8220;sustainable price increase&#8221; into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday.<\/p>\n<p>Brent gained as much as $2.60 on Monday after Saudi Arabia, OPEC&#8217;s de facto leader, said its output would drop by 1 million bpd to 9 million bpd in July.<\/p>\n<p>However, oil prices came off those gains to edge lower on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top crude exporter Saudi Arabia&#8217;s one million barrel per day (bpd) oil output cut is unlikely to underpin a &#8220;sustainable price increase&#8221; into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday. Brent gained as much as $2.60 on Monday after Saudi Arabia, OPEC&#8217;s de facto leader, said its output would drop by 1 million bpd to 9 million bpd in July. However, oil prices came off those gains to edge lower on Tuesday.<\/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":[130,191,136],"tags":[],"class_list":["post-582759","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582759","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=582759"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582759\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}