{"id":1550,"date":"2014-11-13T11:25:54","date_gmt":"2014-11-13T16:25:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1550"},"modified":"2014-11-13T11:25:54","modified_gmt":"2014-11-13T16:25:54","slug":"oil-plunges-as-saudis-dismiss-price-war-no-basis-in-reality-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1550","title":{"rendered":"Oil Plunges As Saudis Dismiss Price War &#8220;No Basis In Reality&#8221; | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-11-13\/oil-plunges-saudis-dismiss-price-war-no-basis-reality\">Oil Plunges As Saudis Dismiss Price War &#8220;No Basis In Reality&#8221; | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">WTI Crude oil prices tumbled to a $75 handle this morning as Saudi oil minister al-Naimi dismissed claims of a\u00a0<strong>price-war as having &#8220;no basis in reality&#8221;<\/strong>\u00a0noting that &#8220;Saudi oil policy has remained constant for the past few decades and it has not change today,&#8221; suggesting\u00a0<em>expectations of a supply cut at the looming OPEC meetings are overdone<\/em>. This comment comes after\u00a0<strong>Qatar said it &#8220;may&#8221; cut output\u00a0<\/strong>by 500k barrels\/day.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141113_wti.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141113_wti_0.jpg\" alt=\"\" width=\"600\" height=\"483\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">As Bloomberg reports,<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Plunges As Saudis Dismiss Price War &#8220;No Basis In Reality&#8221; | Zero Hedge. WTI Crude oil prices tumbled to a $75 handle this morning as Saudi oil minister al-Naimi dismissed claims of a\u00a0price-war as having &#8220;no basis in reality&#8221;\u00a0noting that &#8220;Saudi oil policy has remained constant for the past few decades and it has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[592,1097,701],"class_list":["post-1550","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price","tag-oil-price-war","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1550"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1550\/revisions"}],"predecessor-version":[{"id":1551,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1550\/revisions\/1551"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}