{"id":2072,"date":"2014-11-26T07:03:33","date_gmt":"2014-11-26T12:03:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2072"},"modified":"2014-11-26T07:03:33","modified_gmt":"2014-11-26T12:03:33","slug":"saudis-signal-no-push-for-oil-cut-as-market-to-stabilize-itself-reuters","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2072","title":{"rendered":"Saudis signal no push for oil cut as market to &#8216;stabilize itself&#8217; | Reuters"},"content":{"rendered":"<p><a href=\"http:\/\/www.reuters.com\/article\/2014\/11\/26\/us-opec-meeting-idUSKCN0JA0O320141126\">Saudis signal no push for oil cut as market to &#8216;stabilize itself&#8217; | Reuters<\/a>.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">(Reuters) &#8211; OPEC leader\u00a0<span class=\"mandelbrot_refrag\"><a class=\"mandelbrot_refrag\" style=\"color: #006e97; text-decoration: none; cursor: pointer; outline-style: none; outline-width: initial; outline-color: initial;\" href=\"http:\/\/www.reuters.com\/places\/saudi-arabia?lc=int_mb_1001\" data-ls-seen=\"1\">Saudi Arabia<\/a><\/span>\u00a0signaled on Wednesday it was unlikely to push for a major change in oil output at the producer group&#8217;s meeting this week, a day after\u00a0<span class=\"mandelbrot_refrag\"><a class=\"mandelbrot_refrag\" style=\"color: #006e97; text-decoration: none; cursor: pointer; outline-style: none; outline-width: initial; outline-color: initial;\" href=\"http:\/\/www.reuters.com\/places\/russia?lc=int_mb_1001\" data-ls-seen=\"1\">Russia<\/a><\/span>\u00a0refused to cooperate in any production cut. Saudi Oil Minister Ali al-Naimi said he expected the oil market &#8220;to stabilize itself eventually&#8221; but did not comment on talks with Russia held on Tuesday, which produced no firm pledge from Moscow to help support flagging oil prices.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not\u00a0<span class=\"mandelbrot_refrag\"><a class=\"mandelbrot_refrag\" style=\"color: #006e97; text-decoration: none; cursor: pointer; outline-style: none; outline-width: initial; outline-color: initial;\" href=\"http:\/\/www.reuters.com\/places\/iran?lc=int_mb_1001\" data-ls-seen=\"1\">Iran<\/a><\/span>\u00a0itself, were gearing up for a battle over market share and insisted that non-OPEC producers needed to participate in any OPEC-led output cut.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">&#8220;The most important thing for all of us is the unity and solidarity of OPEC, and in this situation I believe we need to have the contribution of non-OPEC producers for managing the market,&#8221; Zangeneh told reporters.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudis signal no push for oil cut as market to &#8216;stabilize itself&#8217; | Reuters. (Reuters) &#8211; OPEC leader\u00a0Saudi Arabia\u00a0signaled on Wednesday it was unlikely to push for a major change in oil output at the producer group&#8217;s meeting this week, a day after\u00a0Russia\u00a0refused to cooperate in any production cut. Saudi Oil Minister Ali al-Naimi said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[588,589,1435,596,600],"class_list":["post-2072","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil","tag-oil-demand","tag-oil-production-cut","tag-oil-supply","tag-opec"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2072","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=2072"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2072\/revisions"}],"predecessor-version":[{"id":2073,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2072\/revisions\/2073"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}