{"id":5372,"date":"2015-02-07T09:09:01","date_gmt":"2015-02-07T14:09:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5372"},"modified":"2015-02-07T09:09:01","modified_gmt":"2015-02-07T14:09:01","slug":"saudis-re-unleash-oil-weapon-slash-asia-prices-by-most-in-14-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5372","title":{"rendered":"Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-02-06\/saudis-re-unleash-oil-weapon-slash-asia-prices-most-14-years\" target=\"_blank\">Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years<\/a><\/h3>\n<p><em><strong>&#8220;This is further evidence that they are hellbent on protecting their market share in China,&#8221;<\/strong><\/em>\u00a0warns one strategist as just when US talking-heads thought things were &#8216;stabilizing&#8217; Saudi Aramco slashes its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks &#8211;\u00a0<strong>the biggest discount in 14 years<\/strong>.\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-02-06\/saudis-deepen-asia-oil-discount-to-a-a-record-low\">As Bloomberg reports,\u00a0<\/a>the desert kingdom is continuing to fight for market share, and using the oil weapon by &#8220;trying to stay competitive in what is the biggest area of growth,&#8221; as Middle Eastern producers are\u00a0<strong>increasingly competing with cargoes from Latin America, Africa and Russia for buyers in Asia<\/strong>.<\/p>\n<p><strong>Biggest discouint to Asia since records began&#8230;<\/strong><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/02\/20150206_saudi.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/02\/20150206_saudi_0.jpg\" alt=\"\" width=\"600\" height=\"315\" \/><\/a><\/p>\n<p><em><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-02-06\/saudis-deepen-asia-oil-discount-to-a-a-record-low\">As Bloomberg reports,<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years &#8220;This is further evidence that they are hellbent on protecting their market share in China,&#8221;\u00a0warns one strategist as just when US talking-heads thought things were &#8216;stabilizing&#8217; Saudi Aramco slashes its official selling price for Arab Light crude by 90 cents to $2.30 a [&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":[34,588,592,1775,694,701],"class_list":["post-5372","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-asia","tag-oil","tag-oil-price","tag-oil-price-collapse","tag-russia","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5372","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=5372"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5372\/revisions"}],"predecessor-version":[{"id":5373,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5372\/revisions\/5373"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}