{"id":2770,"date":"2023-09-12T16:30:14","date_gmt":"2023-09-12T20:30:14","guid":{"rendered":"https:\/\/www.viewworld.org\/?p=2770"},"modified":"2023-09-12T16:30:16","modified_gmt":"2023-09-12T20:30:16","slug":"oil-prices-spike-as-saudi-arabia-russia-extend-1-3-million-barrel-a-day-oil-cut-through-december-2","status":"publish","type":"post","link":"https:\/\/www.viewworld.org\/?p=2770","title":{"rendered":"Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December"},"content":{"rendered":"<p style=\"background-repeat: no-repeat; box-sizing: border-box; line-height: 1.55; font-family: var(--font-1); font-size: 18px; font-stretch: normal; margin-bottom: 20px; color: #000000; white-space-collapse: collapse;\">DUBAI, United Arab Emirates (AP) \u2014\u00a0<span class=\"LinkEnhancement\" style=\"background-repeat: no-repeat; box-sizing: border-box; line-height: calc(1em + 4px);\"><a class=\"Link AnClick-LinkEnhancement\" style=\"background-repeat: no-repeat; box-sizing: border-box; line-height: calc(1em + 4px); background-color: transparent; touch-action: manipulation; color: var(--color-link-text); text-decoration-line: underline;\" href=\"https:\/\/apnews.com\/hub\/saudi-arabia\" target=\"_blank\" rel=\"noopener\">Saudi Arabia<\/a><\/span>\u00a0and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.<\/p>\n<p style=\"background-repeat: no-repeat; box-sizing: border-box; line-height: 1.55; font-family: var(--font-1); font-size: 18px; font-stretch: normal; margin-top: 20px; margin-bottom: 20px; color: #000000; white-space-collapse: collapse;\">The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading Tuesday afternoon, a price unseen in the market since November.<\/p>\n<p><span style=\"color: #000000; font-family: var(--font-1); font-size: 18px; white-space-collapse: collapse;\">The countries\u2019 moves could increase inflation and the cost for motorists at gasoline pumps. It also puts new pressure on Saudi Arabia\u2019s relationship with the United States, as President Joe Biden last year warned the kingdom there would be unspecified \u201cconsequences\u201d for partnering with Russia on cuts as<\/span><span style=\"color: #000000; font-family: var(--font-1); font-size: 18px; white-space-collapse: collapse;\">\u00a0<\/span><span class=\"LinkEnhancement\" style=\"color: #000000; font-family: var(--font-1); font-size: 18px; white-space-collapse: collapse; background-repeat: no-repeat; box-sizing: border-box; line-height: calc(1em + 4px);\"><a class=\"Link AnClick-LinkEnhancement\" style=\"background-repeat: no-repeat; box-sizing: border-box; line-height: calc(1em + 4px); background-color: transparent; touch-action: manipulation; color: var(--color-link-text); text-decoration-line: underline;\" href=\"https:\/\/apnews.com\/hub\/russia-ukraine\" target=\"_blank\" rel=\"noopener\">Moscow wages war on Ukraine<\/a><\/span><span style=\"color: #000000; font-family: var(--font-1); font-size: 18px; white-space-collapse: collapse;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI, United Arab Emirates (AP) \u2014\u00a0Saudi Arabia\u00a0and Rus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2770","post","type-post","status-publish","format-standard","hentry","category-test"],"_links":{"self":[{"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/posts\/2770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2770"}],"version-history":[{"count":1,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/posts\/2770\/revisions"}],"predecessor-version":[{"id":2795,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=\/wp\/v2\/posts\/2770\/revisions\/2795"}],"wp:attachment":[{"href":"https:\/\/www.viewworld.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.viewworld.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}