{"id":2803,"date":"2024-01-30T14:57:02","date_gmt":"2024-01-30T14:57:02","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/01\/30\/saudi-arabia-surprises-oil-markets-by-ditching-plan-to-increase-production\/"},"modified":"2024-01-30T14:57:02","modified_gmt":"2024-01-30T14:57:02","slug":"saudi-arabia-surprises-oil-markets-by-ditching-plan-to-increase-production","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/01\/30\/saudi-arabia-surprises-oil-markets-by-ditching-plan-to-increase-production\/","title":{"rendered":"Saudi Arabia surprises oil markets by ditching plan to increase production"},"content":{"rendered":"<p>Blow to Joe Biden, who had hoped to benefit from lower pump prices in an election year<\/p>\n<p>Saudi Arabia has cast doubt on the future of the global oil market after abandoning plans to grow its crude production capacity by 1m barrels a day.<\/p>\n<p>The world\u2019s biggest exporter signalled a big change in policy by ordering the state oil company, Saudi Aramco, to drop plans to expand its maximum production capacity to 13m barrels a day by 2027.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/jan\/30\/saudi-arabia-oil-markets-production-joe-biden-prices\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blow to Joe Biden, who had hoped to benefit from lower pump prices in an election year Saudi Arabia has cast doubt on the future of the global oil market after abandoning plans to grow its crude production capacity by 1m barrels a day. The world\u2019s biggest exporter signalled a big change in policy by &#8230; <a title=\"Saudi Arabia surprises oil markets by ditching plan to increase production\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/01\/30\/saudi-arabia-surprises-oil-markets-by-ditching-plan-to-increase-production\/\" aria-label=\"Read more about Saudi Arabia surprises oil markets by ditching plan to increase production\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2803","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=2803"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2803\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=2803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=2803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=2803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}