{"id":29304,"date":"2022-10-15T20:00:34","date_gmt":"2022-10-15T20:00:34","guid":{"rendered":"https:\/\/www.banglanewsus.com\/english\/?p=29304"},"modified":"2022-10-15T20:00:34","modified_gmt":"2022-10-15T20:00:34","slug":"saudi-arabia-says-opec-oil-cut-purely-economic","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2022\/10\/15\/saudi-arabia-says-opec-oil-cut-purely-economic\/","title":{"rendered":"Saudi Arabia says OPEC+ oil cut \u2018purely economic"},"content":{"rendered":"<p>Desk news: Saudi Arabia rejected as &#8220;not based on facts&#8221; statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers.<\/p>\n<p>The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday, reports Reuters.<\/p>\n<p>President Joe Biden pledged earlier this week that &#8220;there will be consequences&#8221; for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day.<\/p>\n<p>OPEC+, the producer group comprising the Organization of the Petroleum Exporting Countries (OPEC) plus allies including Russia, announced its new production target after weeks of lobbying by U.S. officials against such a move.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Desk news: Saudi Arabia rejected as &ldquo;not based on facts&rdquo; statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers. The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday, reports Reuters. President Joe Biden pledged earlier this week that &ldquo;there will be consequences&rdquo; for U.S. relations with<\/p>\n","protected":false},"author":2,"featured_media":29305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,39],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29304"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=29304"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29304\/revisions"}],"predecessor-version":[{"id":29306,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29304\/revisions\/29306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/29305"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=29304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=29304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=29304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}