{"id":70606,"date":"2022-08-22T20:42:47","date_gmt":"2022-08-22T16:42:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70606"},"modified":"2022-08-22T20:46:07","modified_gmt":"2022-08-22T16:46:07","slug":"ksa-energy-minister-opec-has-means-including-cutting-production","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ksa-energy-minister-opec-has-means-including-cutting-production\/08\/22\/market-updates\/","title":{"rendered":"KSA Energy Minister: OPEC+ has means including cutting production"},"content":{"rendered":"\n<p>Saudi Arabia&#8217;s energy minister said, on Monday, that OPEC+ has the means to deal with market challenges including cutting production at any time, in different forms.<br><br>&#8220;Oil market has fallen into a self-perpetuating vicious circle of very thin liquidity, extreme volatility undermining market\u2019s essential function of efficient price discovery,&#8221; the minister added. &#8220;OPEC+ will start working on a new agreement behind 2022 building on previous successes.&#8221;<br><br>As for the market\u2019s reaction, crude oil prices rebounded from daily lows on these remarks. As of writing, the barrel of West Texas Intermediate, which dropped to a daily low of $86.25 earlier in the day, was trading at $89, losing 0.8% on the day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s energy minister said, on Monday, that OPEC+ has the means to deal with market challenges including cutting production at any time, in different forms.&#8220;Oil market has fallen into a self-perpetuating vicious circle of very thin liquidity, extreme volatility undermining market\u2019s essential function of efficient price discovery,&#8221; the minister added. &#8220;OPEC+ will start working &hellip;<\/p>\n","protected":false},"author":13,"featured_media":58819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[8215,6876,6844,8283],"class_list":["post-70606","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-output","tag-opec","tag-saudi","tag-saudi-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70606"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70606\/revisions"}],"predecessor-version":[{"id":70611,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70606\/revisions\/70611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58819"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}