{"id":8803,"date":"2017-10-29T10:41:41","date_gmt":"2017-10-29T10:41:41","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=8803"},"modified":"2017-10-29T10:41:41","modified_gmt":"2017-10-29T10:41:41","slug":"saudi-arabia-ready-to-extend-oil-output-cut-deal-says-crown-prince","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/saudi-arabia-ready-to-extend-oil-output-cut-deal-says-crown-prince\/","title":{"rendered":"Saudi Arabia ready to extend oil output cut deal, says Crown Prince"},"content":{"rendered":"<p>Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia\u2019s readiness to support the extension of a global oil production cut agreement. \u201cThe Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,\u201d the crown prince said in a statement. \u201cThe high demand for oil has absorbed the increase in shale oil production,\u201d Prince Mohammad added.<\/p>\n<p>Prince Mohammad made similar comments to Reuters in an interview published on Thursday about the position of the kingdom towards the extension of the oil deal and condition of the market. \u201cWe will support anything to stabilise the oil demand and supply,\u201d he told Reuters when asked whether the kingdom would support extending the agreement until the end of 2018.<\/p>\n<p>\u201cI think now the oil market swallowed the shale oil supply, now we are regaining things again,\u201d he told Reuters. His comments gave a boost to oil prices, with Brent crude on Friday trading above $60 a barrel for the first time since July 2015. Saudi Arabia, OPEC\u2019s biggest producer is leading OPEC and other oil producers such as Russia to restrict oil supplies under a global oil pact to drain global inventories and boost oil prices.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia\u2019s readiness to support the extension of a global oil production cut agreement. \u201cThe Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,\u201d the crown prince said in a statement. \u201cThe high demand for oil has [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":8804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-8803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/8803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=8803"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/8803\/revisions"}],"predecessor-version":[{"id":8805,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/8803\/revisions\/8805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/8804"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=8803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=8803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=8803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}