{"id":195619,"date":"2023-11-17T22:27:15","date_gmt":"2023-11-17T16:57:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=195619"},"modified":"2023-11-17T22:27:15","modified_gmt":"2023-11-17T16:57:15","slug":"saudi-arabia-will-extend-its-production-cuts-into-2024-if-they-want-prices-to-remain-above-80-anz-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/saudi-arabia-will-extend-its-production-cuts-into-2024-if-they-want-prices-to-remain-above-80-anz-crypto-news\/","title":{"rendered":"Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80 \u2013 ANZ – Crypto News"},"content":{"rendered":"

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Oil prices<\/a> are likely to settle around $80\/bbl, strategists at ANZ Bank report.<\/p>\n

Saudi Arabia may extend cuts as Oil market tightness eases<\/h2>\n
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Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. A balanced Oil market now remains reliant on production cuts being maintained well into 2024.<\/p>\n<\/blockquote>\n

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If Saudi Arabia were to reverse its unilateral production cuts, the market would suddenly be awash with Oil and prices would likely drop below $70\/bbl. However, any supply disruptions in the Middle East could see them above $100\/bbl.\u00a0<\/p>\n<\/blockquote>\n

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On the balance of risks, we think Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80\/bbl.<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Oil prices are likely to settle around $80\/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. A balanced Oil market now remains reliant on production cuts being maintained well […]<\/p>\n","protected":false},"author":2,"featured_media":14231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,683,797,252,247,253,249,11223,256,254],"class_list":["post-195619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oil","tag-opec","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-saudiarabia","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=195619"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195619\/revisions"}],"predecessor-version":[{"id":195620,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195619\/revisions\/195620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/14231"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=195619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=195619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=195619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}